Stocks and commodities have reacted as expected to the respite in dollar strength.

在美元涨势受阻的影响下，股市及商品一如预期上涨。

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But, for the record: the switch back to a tightening bias in July 1996, ending the minor easing cycle begun in June 1995, saw dollar strength extend.

但是。从记录的情况看：在1996年转回到一种紧缩的倾向，结束了始于1995年6月的小放松银根周期，使美元的实力得到了加强。

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In the deflation versus inflation debate, on the other hand, both these extremes imply a weak dollar, while the intermediate state would foster dollar strength.

而通缩与通胀之争却意味着，在上述两种极端情形下美元将走弱，而在中间情形下美元将走强。

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Conversely, any dollar strength in 2012 is more likely to be a flight to quality.

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Those who see weaker prices cite the dollar strength as a weight on gold.

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In addition to the overall dollar strength, Meger also mentioned the outflows from exchange-traded funds are dampening demand.

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