US sees dollar bruised around the world, but not beaten

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US sees dollar bruised around the world, but not beaten The Biden administration has announced new sanctions against Russian and Iranian entities for illegally detaining Americans. news Business Just days after US Secretary of Treasury Janet Yellen acknowledged that the use of sanctions ran the risk of undermining the "hegemony" of the dollar in April, the Biden administration announced new sanctions against Russian and Iranian entities for illegally detaining Americans. The US is aware of the downsides of sanctions, which it tends to use as a foreign policy weapon, but officials and experts have indicated that they believe the dollar...