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The dollar's strength in 2020 will likely 'amplify' the negative impact of the coronavirus on global trade, the IMF warns
The IMF said in a report Monday that the US dollar's appreciation against many emerging markets...The IMF said in a report Monday that the US dollar's appreciation against many emerging markets in recent months may not necessarily increase demand for those countries' exports. Many countries exports are priced in US dollars, including oil. The IMF said: "There is growing evidence that most of global trade is invoiced in a few currencies, most notably the US dollar." "The global strengthening...