Economics

The Dollar Looks Like a Wrecking Ball to Some Investors

It’s had a remarkable decade, trouncing other major currencies
Morgan Stanley, Brandywine warn it’s causing economic harm

Bob Baur, chief global economist at Principal Global Investors, discusses Fed policy, the dollar, and global growth.(Source: Bloomberg)

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By Vivien Lou Chen

August 11, 2019 at 11:00 AM UTC

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Donald Trump gets the headlines, but he’s not the only one worried that the dollar’s remarkable ascent is causing economic harm. Some even worry it could trigger a recession.