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Some investors worry more tariffs or deal delays might propel the dollar to new heights, which could pressure stocks
One of the most serious concerns for money managers lately is something that seemed highly unlikely a year ago: a prolonged dollar rally.
After strong global growth bolstered markets in 2017, the U.S. has left other countries in the dust this year, leading investors to favor domestic stocks and the dollar. Optimism about the latest trade developments pulled the WSJ Dollar Index down from its 15-month high earlier this month, but the U.S. currency has since stabilized.