How the U.S. Dollar has Become a 'Wrecking Ball' for the Global Economy
In early 2021 the dollar was near its lowest level in more than five years against a broad basket of currenciesFast forward to July of 2022, the dollar reached parity with the euro for the first time since 2002! The dollar has been on a tear! climbing by around 20% over the past year against a basket of global currencies, and is at its highest level in 20 years.And this has been a wrecking ball to the global economy!Stock markets are bleeding, corporate bonds have been pummelled and crypto is dead!In this season of Things Have Changed Podcast, we’re going to talk about Currencies. and today we’re going to talk about how USD crushed foreign exchange markets!Helpful Links:Global rate rises are happening on an unprecedented scaleCentral Banks May Stoke Risks by Raising Interest Rates TogetherDollar-euro parity may be justified. But the yen looks cheap as chipsThe Dollar is Strong as Ever, Isn’t it?Why the dollar is strong and why that is a problemWhat’s behind the dollars strength?Things to buy when the dollar is strongSupport the showThings Have Changed