Fed Confronts Currency Threat That Doomed ECB, Aussie Rate RisesBy
Greenback has strengthened more than 20 percent since 2012
Aussie surged 46 percent before RBA increases were unwound
The Federal Reserve’s plans to raise interest rates for the first time in almost a decade are spurring the sort of currency gains that helped force four developed central banks since 2011 to unwind their decisions to tighten policy.
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