The months since the inauguration of President Donald Trump have seen a flurry of US actions to reorder the global economy and extraordinary turmoil in global markets. The resulting weakening of the dollar has surprised many commentators, leading to questions about what these policy moves and the market reaction mean for the currency’s role at the center of the international monetary and financial system. The dollar has weathered such storms before and has emerged stronger from each crisis, but will this time be different?
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