Tuesday, December 9, 2014

Strong dollar threatens global economy, warns BIS

charlie | 5:02 AM |
The growing strength of the dollar poses a threat to the stability of emerging economies, a global financial watchdog has warned.
The Bank for International Settlements (BIS), often described as the central bankers’ bank, has warned that fragility in financial markets could have a profound impact on the global economy, especially emerging economies, such as China and India.
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