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Dollar Drop Could Force Global Central Banks Into Rates Rethink

  • Weaker greenback may cap inflation elsewhere in the world
  • BNY Mellon, Credit Agricole say rate rises may be slower
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The pace of the dollar’s decline will slow in 2018, says Vassili Serebriakov, FX strategist at Credit Agricole.Source: Bloomberg

A weaker dollar could be doing the work of global central banks.

The greenback begins 2018 after its worst year since 2003, and analysts at Bank of New York Mellon Corp. and Credit Agricole SA say further declines could mean central banks don’t have to tighten monetary policy as much as they may now be planning.