What a stronger dollar means for the world

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Financial Times/Megan Greene/3-23-2021

graphic image of stacks of hundred dollar bills“At the turn of the year, weak growth and poor management of the Covid-19 pandemic led to a consensus that the US dollar would weaken significantly in 2021. Instead, it’s been strengthening — a trend with significant implications for the US and the rest of the world.”

USAGOLD note: Greene covers the would-be scenarios in this piece published while FOREX market psychology is in a state of flux. She does a good job of weighing the directional options for the dollar and what might influence them in the months ahead. She reminds us that Janet Yellen not that long ago “ditched the long-held strong dollar policy.”

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