A strong dollar tends to raise the price of American exports and lower the price of imports, which would widen the country’s persistent trade deficit. The dollar is looking increasingly formidable. As American growth has stayed strong and investors have scaled back bets that the Federal Reserve will cut interest rates, money has flooded into the country’s markets and the greenback has shot up. With a presidential election looming, and both Democrats and Republicans determined to promote American manufacturing, the world is on the verge of a difficult new period of strong-dollar geopolitics. Do you think that America has used the dollar to oppress the poor nations ?
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