Strong US dollar is bad news for many

The US currency has been stronger on only three occasions since the 1960s. PHOTO: REUTERS
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NYTIMES - The value of the US dollar is the strongest it has been in a generation, devaluing currencies around the world and unsettling the outlook for the global economy as it upends everything from the cost of a vacation abroad to the profitability of multinational companies.

As the world's most important currency, the dollar often rises in times of turmoil, in part because investors consider it to be relatively safe and stable. The dollar has gained in recent months as inflation has soared, interest rates have increased and the worries over growth have worsened.

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