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"This is not the way the dollar behaved during the Lehmancrisis or during the debt downgrade by the S&P in August 2011.So we think yes, the more the U.S. credit rating is called intoquestion, the worse it will be for the U.S. dollar," saidMichael Woolfolk, senior currency strategist at BNY Mellon inNew York.
last-modified: 2021-03-11 08:02:32