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Rerun of dollar unilateralism

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Mr Nixon's Treasury secretary, John Connally, told America's foreign counterparties that "the dollar may be our currency but it's your problem" - a phrase that may reappear under Mr Trump.

DONALD Trump's ascent seems likely to unleash on Europe a new and damaging form of dollar unilateralism - a peril the old Continent has periodically suffered since the 1960s, but has lain dormant for much of the past 35 years.

The approaching presidency of a go-for-growth "America-first"

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