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The plan's core assumption about U.S. dollar appreciation is laughable.
His influence over the currency is limited, but he has options.
Corporates' overseas cash often parked in U.S. government securities.
Most of companies overseas cash hoard may already be held in the U.S. currency
Government debt holdings soar as deposits outpace loan demand.
Money fund reforms further compound problems of investor visibility, as traditionally reliable indicators misfire.