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Who Has the Stomach — Or Obstinacy — to Stand Against the Dollar?

(Bloomberg Opinion) — It’s getting harder for some emerging markets to hide from the dollar’s rampage. Staying on the sidelines or going slow while US interest rates climb risks further degradation of already weakened currencies — and a consequent worsening of inflation at home. To stand against this tide requires fortitude and, perhaps, more than a touch of obstinacy.  

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