NEW YORK – Bet against the US dollar at your peril. After the dollar’s sharp rally since July, it may be tempting to do so.
Earlier in 2023, before the rebound, spot currency traders made good money wagering that the dollar would decline from the 20-year highs it reached in 2022. And although the dollar dominates world trade, a host of nations, including China and Russia, are manoeuvring to unseat it.
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