The U.S. dollar's rally in 2022 gave the world a reminder of the currency's ability to inflict pain on the global economy
The U.S. dollar’s rally in 2022 gave the world a reminder of the currency’s ability to. Investors are optimistic that the dollar’s strength has now run its course.
As of Dec. 28, the dollar has risen 8.9% this year as measured by the WSJ Dollar Index, which tracks its value against 16 other currencies. That would mark its biggest yearly rise since 2014. The index peaked in late September at the highest level in data going back to 2001.
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