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CURRENCIES

US$ slides as reflation expectations turn losers into winners

Tuesday, May 12, 2015 - 05:50

New York

THE US$5.3-trillion-a-day foreign-exchange market has a new buzzword: reflation. The threat of deflation weighed down the euro, along with the currencies of Norway, Sweden and Canada, for much of the last year. In the past month, those currencies have been among the top