The rise of the dollar causes problems for global economies

The US dollar is experiencing a once-in-a-generation rally. For the rest of the world, it’s a big problem.

The dollar’s role as the primary currency used in global trade and finance means that its fluctuations have far-reaching consequences. The currency’s strength is felt in fuel and food shortages in Sri Lanka, in Europe’s record high inflation and in Japan’s exploding trade deficit.

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