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Jakobsen: Global economy being strangled by strong USD

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For the global economy to get back on track, what the world now needs the most is a weaker US dollar, says Saxo Bank’s Chief Economist Steen Jakobsen.

He explains why the US dollar’s global domination is having a detrimental impact on both emerging and developing markets and why a US Fed rate hike could have a surprising impact on the dollar’s direction.

For more on this story, check out ’Steen's Chronicle: Primitive Economy redux’.