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As the dollar falters, central banks tread a tightrope: Devalue their currency or not?
By Lee Ying Shan
CNBC, New York
Monday, April 21, 2025
The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world.
Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys in recent weeks, with the dollar index weakening more than 9% so far this year. Market watchers see further declines.
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According to Bank of America's most recent Global Fund Manager Survey, a net 61% of participants anticipate a decline in the dollar's value over the next 12 months -- the most pessimistic outlook of major investors in almost 20 years. ...
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