How much damage will the US dollar do?

A surging greenback will likely see increasing market volatility around the globe, but in Australia we could also see the broader economy take a sizeable hit.

There is growing alarm, especially in the developing world, over what impact a surging US dollar may have. Many economists and analysts note there is a strong chance of destabilising capital flows and extreme financial market volatility.  I would agree and in the Australian context we too are only just seeing this play out. Although as I noted yesterday, it’s likely that investors also harbour grave concerns over policy mismanagement as well.   

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