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Coordinated Action to Tame Dollar a Matter of Time, Barrow Says

  • Standard Bank’s Barrow sees central banks acting together
  • Action to curb dollar would be first of its kind since 1980s

Widespread central-bank action to stem the US dollar’s relentless rise is looking inevitable for the first time since the 1980s, according to Standard Bank’s Steven Barrow.

Coordinated measures by global policymakers are “just a matter of time,” even if the US and some others have to be “dragged to the FX intervention table kicking and screaming,” Barrow, the bank’s head of G10 strategy, wrote in a note.