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Global banks doubt dollar valuation
Analyses by major global banks such as Morgan Stanley and Credit Agricole indicate that the expectations for a rise in the US dollar are exaggerated, with the currency's high valuation and a strong monthly performance in June, which jumped by 2%. Nonetheless, some experts believe that an excessive reliance on the continued strength of the dollar may be unwarranted, with potential for its value to decline as the year approaches its end, due to stabilizing global growth and narrowing interest rate differences among other central banks.
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