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US fiscal stimulus bodes ill for dollar, says currency market Currency strategists are increasingly concerned that the fiscal stimulus ushered in by Donald Trump and a Republican-controlled Congress means a much weaker US dollar. The dollar index, a measure of the currency against six major peers, has fallen 2.8 per cent this year and has slid 11.3 per cent ...
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Venezuela launches the 'petro,' its cryptocurrency Skeptics have expressed doubts that the currency will thrive, mainly because of lack of trust in a government whose debt is being renegotiated and whose policies have brought skyrocketing inflation. In addition, the country's once-thriving oil company, PetrĂ³leos de Venezuela S.A. (PDVSA), is producing ...
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