The soaring US dollar raises the prospect of an unusual currency war - Sydney Morning Herald

The Federal Reserve Board’s likely aggressive response to America’s searing inflation rate will further boost the US dollar and step up the pressure on other central banks to respond.

The most vulnerable economy to what could be further increases in the dollars relative strength if the Fed does what most expect it to and continue to force rates higher is the eurozone. Conventiona… [+5068 chars]

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