Strong Dollar Wins the Inflation Battle in New Spin on Currency Wars
There’s a reverse currency war, and America’s winning. Again. Just as the U.S. “won” the fight to devalue the dollar after the 2008 financial crisis, now it’s winning the fight to strengthen it.
In both cases the Federal Reserve proved the most powerful and most aggressive of the major central banks, and the dollar swung to help it—first down, now up.
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