🔗 A Strong U.S. Dollar Weighs on the World
by
James
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.
With the yen recently reaching ¥160/dollar, rates not seen since 1990, it feels like a dream when a dollar was ¥110. I hope (and have been hoping for 18 months now, so not getting my hopes up) the rates become a bit more manageable. Tiny jars of peanut butter shouldn't cost ~¥600.