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US dollar off 2022 highs. But mind the (other price) lags

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      <subfield code="a">This year's US dollar strength, along with high inflation and rising interest rates, have exposed pockets of financial vulnerability. Yet markets now expect imminent peaks in inflation and pauses in interest rate increases, driving a US dollar reversal. It is too soon to discount both market risks and lagged effects on claims inflation, which will likely keep upward pressure on re/insurance rates.</subfield>
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