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The Federal Reserve's higher-for-longer message is still being digested by markets and pushing the dollar higher as a consequence. The longer these moves persist, the more problems it potentially creates, especially for riskier, emerging market currencies previously buffeted by their own high underlying rates, as well as for currencies in economies where the central bank can no longer keep pace with the Fed. It takes a steady, experienced hand to make sense of it and, thankfully, we have Bill Walsh, our head of Trading for the Americas, with us to talk through all things FX.

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