America's currency, everybody's problem

The US economy is now only about a fifth of the global whole but it produces the currency which accounts for something like 75% of global cross-border transactions - Reuters Photo.

REUTERS: This time round, the rising dollar may be America's currency and everybody's problem.

That's because the dollar's strong rise will serve to crimp global liquidity, making financing more expensive and harder to get, markets more volatile and emerging economies, especially, more risky.