The Pros and Cons of a Strong U.S. Dollar

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.2 • 5.8K Ratings

🗓️ 29 September 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. dollar is dramatically increasing in value. WSJ’s Julia-Ambra Verlaine unpacks what this means for the U.S. and other countries. Further Reading: - A Strong Dollar Is Front and Center for Wall Street - Dollar Strength Lifts Americans’ Relative Spending Power - Strong U.S. Dollar Extends Pain in Emerging-Markets Currencies Further Listening: - The Roots of Sri Lanka’s Economic Crisis Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The US dollar is really strong right now.
0:09.0	The dollar may be on track for its best year ever.
0:11.6	Of course, the US dollar has been seeing strength compared to other currencies this year.
0:16.2	Everybody is a dollar bull.
0:20.0	Lately, the dollar has been dramatically increasing in value compared to other currencies.
0:26.0	Take the British pound.
0:27.7	Traditionally, the pound has always been stronger than the dollar.
0:31.6	But now, their value is almost equal.
0:35.5	The same thing is happening with a bunch of other currencies.
0:38.0	The dollar is way stronger now against the Japanese yen, the Chinese yuan and the Euro.
0:43.9	The dollar is blowing other currencies out of the water.
0:48.6	But why does that matter?
0:52.2	For the US, a strong dollar might sound like good news.
0:55.6	In many ways it is.
0:57.5	But it can also create big problems, especially for other countries.
1:05.5	Welcome to the journal, our show about money, business and power.
1:09.5	I'm Ryan Kudutsen.
1:11.0	It's Thursday, September 29th.
1:19.2	Coming up on the show, the pros and cons of a strong US dollar.
1:40.4	Our colleague, Julia Verlaine, writes about currency markets.
1:45.4	So I have this bowl of currency here that I have collected over the years.
1:53.1	If I were to pull some out and show you some of these currencies, do you think that you'd
	...

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