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The U.S. dollar has strengthened this year, surging nearly 20 percent. But the exchange rates of the euro, yen, South Korean won and pound continued to hit record lows. The strong dollar is fueling inflation in these countries and hampering the recovery of local economies. It not only hurts non-U.S. currencies, but is also bad when it comes to the interests of U.S. companies, especially multinational corporations. CGTN's Michelle Van den Bergh explains in this episode of BizBeat.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466