COLUMN-Far from debasement, dollar hits overdrive: Mike Dolan - NewsBreak

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By Alexdemarco in Business
Updated 2 years ago

LONDON, Nov 12 (Reuters) - Wasn't surging inflation supposed to undermine the U.S. dollar?. Be that as it may, the opposite happened this week as news of a surprise spike in U.S. inflation and inflation expectations to their highest in decades sent the U.S. dollar soaring against currencies around the world.

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