The Wall Street JournalThe Wall Street Journal

Dollar’s rise spells trouble for global economies

By Chelsey Dulaney, Megumi Fujikawa and Rebecca Feng

18 Sep 2022 · 6 min read

The U.S. dollar is surging, and that’s very bad news for large swaths of the world economy. This Wall Street Journal explains how the dollar’s rise is exacerbating the global economic slowdown.

Curated by informed

The U.S. dollar is experiencing a once-in-a-generation rally, a surge that threatens to exacerbate a slowdown in growth and amplify inflation headaches for global central banks.

The dollar’s role as the primary currency used in global trade and finance means its fluctuations have widespread impacts. The currency’s strength is being felt in the fuel and food shortages in Sri Lanka, in Europe’s record inflation and in Japan’s exploding trade deficit.

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