Dollar's Strength Pushes World Economy Deeper Into Slowdown.

A rising currency should help the Fed cool prices and support American demand for goods from abroad, but it also threatens to drive up the import prices of foreign economies, further fueling their inflation rates, and sap them of capital. (Bloomberg) -- The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility -- and there's little respite on the horizon. [Extracted from the article]