Financial Times FT.com

Dollar faces up to the impact of Fed’s economic actions

By Peter Garnham

Published: December 17 2008 20:58 | Last updated: December 17 2008 20:58

Dollar strength has been the driving force in the currency market since mid-year, with investors seeking a safe haven from the turmoil engulfing the world markets.

But a steep sell-off in the dollar in recent days has led investors to ponder whether the US currency’s strength since July has just been a blip in a longer-term downward trend.

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