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Signs pointing to Fed entering currency war?

Policymakers see dollar's rising value as persistent source of restraint on exports

Published Fri, Feb 20, 2015 · 09:50 PM
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Washington

THE minutes from the Federal Reserve's meeting in January have foreign-exchange traders wondering whether Janet Yellen has joined the currency wars.

Policymakers pointed to the dollar's rising value as "a persistent source of restraint" on exports in a surprisingly dovish set of minutes published on Wednesday. The greenback fell against a broad group of its peers.

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