What are the two opposing views mentioned regarding US exceptionalism and global reflation?
HSBC's Mackel: Dollar Optimism 'Premature'

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How does risk appetite affect the US dollar according to the text?
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What factors are considered key missing ingredients for a repeat of the true dollar strength trend?
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What potential impact could renewed COVID concerns have on treasury yields and the dollar?
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Which commodity currencies are mentioned as potentially benefiting from higher energy prices?
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