Recession or expansion, dollar will rise

Updated

Now this market has heard everything, or so it seems. This is one theory that the inflation hawks will surely attempt to refute, but of course the market will be the ultimate arbiter.

Some traders and economists are now arguing that regardless of the U.S. economy's fate, the dollar wins, Bloomberg News reported Monday.

Here's the heads-or-tails, dollar-higher thinking: if the U.S. economy recovers, the dollar will strengthen, as investors seek American investments, which will generate superior returns ahead of a still-sluggish global economy.

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