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The U.S. dollar may struggle to rise past its current levels through the end of 2022, given the likelihood of an almost two-year gap between when the Federal Reserve may start tapering its bond purchases and its first interest rate rise. That’s the view of analysts at TD Securities, who see the U.S. Dollar Index DXY, +0.33% consolidating through to the end of 2022 to 89.0 versus 92.9 on Thursday.
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