U.S. quarters and U.S. dollar bills are arranged for a photograph in New York, U.S. (Photographer: Daniel Acker/Bloomberg)

Increased Dollar Dependence Sets World Up for `Liquidity Crunch’

(Bloomberg) -- The current run-up in U.S. Treasury yields and the dollar poses a major stress test for a global financial system that has become even more dependent on the American currency since t...

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