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U.S. dollar hits four-month peak on caution spurred by hedge fund default

March 30, 2021

“The dollar is rising on safe-haven buying,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto. “Traders are afraid that a mini-LTCM (Long Term Capital Management) is underway, and are trying to get out from under the falling dominoes.”

Read the Financial Post article here.