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US dollar at crossroads as currency strategists turn bearish

Much still depend on the Fed and debt owed by international borrowers

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The US economy is so depressed and unemployment levels are so high that "the dollar is going to fall very sharply", says Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman.

London

THE US dollar is at a crucial crossroads these days as more currency strategists have turned bearish.

Much will depend, however, on US monetary policy and the pressure of debt servicing and repayments of Asian, European and other international borrowers of the greenback....

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