In 2024, the U.S. dollar has strengthened significantly against every major currency worldwide, driven by high interest rates. This broad and unusual shift in currency dynamics is raising concerns about potential serious consequences for the global economy. The dollar's dominance is attributed to its size, stability, and entrenched role in the global financial system, making it a compelling target in economic discussions.
Every major currency in the world has fallen against the U.S. dollar this year, an unusually broad shift with the potential for serious consequences across the global economy. https://t.co/h56okhUPTR
High interest rates have made the dollar stronger, meaning every major currency in the world has fallen against the U.S. dollar this year, an unusually broad shift with the potential for serious consequences across the global economy. https://t.co/NnmH1ryi3g
Can anything stop the dollar's dominance? The currency is big, stable and entrenched in the global economy — which is also why it’s become a compelling target https://t.co/EMJWobiBrm