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Marketwatch: The great global rebalancing

Whether the US dollar’s role as the reserve currency is a benefit or a burden to America has been an interesting academic debate for years, but trade policy is now front and centre.

Global trade declines further

International merchandise trade in the G20 continued to drop in the fourth quarter of 2019. Exports contracted by 0.1% and imports fell by 1.3% compared with the previous quarter, putting them at their lowest levels in two years.

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