The mighty US dollar (Encore)

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 28 September 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to the U.S Dollar Index, the U.S Dollar reached a twenty year peak. Today, we're revisiting a classic episode to ask: What exactly are the pros and cons to U.S dollar dominance?

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Transcript

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0:00.0	NPR.
0:11.3	The US dollar is at a 20-year high, according to the US dollar index.
0:16.7	That measures the value of the dollar against a basket of six other major currencies, including
0:21.8	the British pound and the euro, both of which this week fell to some all-time lows against
0:27.6	the dollar.
0:28.6	And all those indicators got us thinking about an episode we did back in May on a strong
0:34.0	dollar and what it means.
0:35.9	For instance, for the US consumer overseas, it's pretty good.
0:40.2	If the world is like a big shopping mall and every country is its own store, well, everything
0:45.2	is currently on sale for you.
0:47.7	But a strong dollar is not a happy dance for everyone.
0:51.7	This is the indicator from Planet Money.
0:53.4	I'm WeylandWong.
0:54.4	Today on the show, we bring you that encore episode.
0:57.7	My co-host Adrian Ma and I explained what a surging dollar means for the US economy and
1:03.2	why the dollar is so strong right now in the first place.
1:06.8	That's coming up after the break.
1:15.5	When we were looking around for a guest to help explain why the dollar is getting stronger,
1:20.1	our producer found an economist from the Brookings Institution named David Dollar.
1:24.4	And we thought, come on.
1:26.7	Your last name is Dollar.
1:29.9	Does it feel like it was just always meant to be?
	...

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