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From Turkey to South Africa to India, the currencies have been weakening against the American dollar.
The dollar has been weakening against major currencies in recent weeks on the expectation of the Fed's move.
Britain has a current account deficit of around 6% of GDP and, while weakening against the dollar, has been strong against the euro, the country's biggest trade partner.
Financial markets reacted bearishly to the latest news, with stock market indexes hitting new lows for the year yesterday, and the dollar weakening against other currencies.
But because the dollar was weakening against the euro and other world currencies for much of this period, Americans suffered milder losses, just 2 percent a year, on average, in EAFE stocks.
This explains to a large extent an apparent paradox in the global currency market, where the dollar has been weakening against the euro, yet has strengthened against the currencies of most emerging markets that have been recipients of fund flows.
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But the dollar weakened against other currencies.
The dollar weakened against the British pound.
The dollar weakened against the euro and the yen.
The euro weakened against 13 of 16 major peers.
As the euro has weakened against the dollar this spring, the Chinese government has let the renminbi also weaken against the dollar, although not as much.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com