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Dollar to surge afresh in '16; EM currencies to crumble: JP Morgan

Bank's report highlights the acute risks faced by the US Fed as the time for the expected rate hikes nears

Published Wed, Nov 25, 2015 · 09:50 PM

Tokyo

THE US dollar is likely to enjoy a further surge in value next year, especially against crumbling emerging-market currencies, investment bank JP Morgan predicted in a report on Wednesday.

The leading Wall Street institution also forec…

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