Dollar remains king
MARKET NEWS
The US dollar’s monthly highs in last week’s trading reflect the economic -- and military -- gap between the US and the rest of the world, says Marc Chandler, chief currency strategist at HSBC USA in New York.
In the last week of February, the dollar returned to its best levels of the month against the major currencies, and remains near cyclical highs on a trade-weighted basis. US asset market performance has also been impressive, given concerns over US accounting practices.
During the month, the
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