Currency Angst Goes Global as Strong Dollar Vexes Officials
- Japan, Turkey, Indonesia worried about weaker exchange rates
- Even Fed cuts may not bring relief to currencies, says Goldman
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A resurgent US dollar is exasperating central bankers and governments around the world, forcing them into action to relieve the pressure on their own currencies.
From Tokyo to Istanbul, policymakers are stepping in to defend exchange rates with both words and deeds as a resilient American economy conspires to keep the greenback strong by pushing back expectations for lower US interest rates.