The yen, yuan and euro, plus emerging markets such as Turkey are all potential victims of an extended U.S. dollar rally. In an eerie similarity, the spike in late 1996 to 1997 was 3 months, same as the current rally. The Thai baht imploded in July.
Can the US Legally Seize Russian Assets? Should It?
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Congress’s aid package encourages the president to seize frozen Russian
reserves to support Ukraine. But the legality and desirability are both
questionable.
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