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The U.S. dollar surrendered its status as the world's premier safe haven in Q4. Here's how.

Por: MarketWatch Business December 31, 2022

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But something changed for the dollar around the beginning of the fourth quarter. Central banks in Europe and — more recently — Japan applied a more aggressive monetary policy, signaling that they intend to close the gap with higher U.S. yields created by the Federal Reserve. This helped to drive their currencies higher. At the same time, investors in the U.S. were betting that the Fed’s campaign of interest rate rises was drawing nearer to... + full article



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