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A one-euro coin and a one U.S. dollar note.
A one-euro coin and a one U.S. dollar note.
(MICHAEL PROBST/AP)

Global currency war poses risk

The dollar and the euro are rising against a range of currencies, and particularly some emerging ones. It makes U.S. and euro zone exports more expensive, and imports cheaper. They can absorb the trade hit. But with inflation already worryingly low, the downward pressure on prices might be harder to take.