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Show captionHide captionA strong US dollar is mitigating the effect of depreciating markets.
Some of the world’s largest mining companies that have been hurt by falling commodities prices have vowed not to cut production, saying the stronger US dollar is softening the effect of depreciating markets.
Mining houses around the world are benefiting from the stronger greenback because they receive dollars for the gold, copper and iron ore they dig up, but pay for labour and many other costs using local currencies.
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