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NOTHING IS PERMANENT EXCEPT CHANGE

Some may view the US dollar’s appreciation as consistent with a longer-term rebalancing of the global economy. But, as Argentina’s recent request for IMF financing starkly demonstrates, a sharp and sudden dollar appreciation risks unbalancing things elsewhere.

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https://www.straitstimes.com/asia/east-asia/european-firms-increasingly-pessimistic-about-prospects-as-us-china-trade-war-drags

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