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Thursday, December 01, 2022

Inflation made in the United States: the dollar, the killer

Throughout this year it has been possible to see how The dollar is the undisputed king of kings and this is how it has managed to turn the euro-dollar ‘parity’ until it surpasses the currency of the old continent, with an exchange rate of around 0.96 cents per dollar.

But the euro isn’t the only currency that has been mortally wounded, The British pound is also falling to record lows. The currency fell after the UK government unveiled plans for new tax cuts on borrowing last Friday, raising fears about the stability of the country’s finances.

The gloomy picture extends even to the East, where there are two major Asian economies: China and Japan are also suffering the consequences of the Fed’s monetary policies and their own, with the yuan hitting a 14-year low and the yen to be intervened by the Central Bank of Japan to recover from those week’s lows.

The peripheral region of the United States is not far from this currency war that is being experienced in the world, because Latin America is also suffering from Fed rate hikes, with the Argentine peso being the most affected victim and forecasts that Argentina will enter stability in 2023 and end the year with 95% inflation.

Medusa Negras and IG Brokers Bring a New Special on the Dollar That Has All the Doubts What is happening with the dollar and what are the projections A pose that is a “refuge” and inspires a lot of “confidence”.

Don’t forget to check out this dollar special presented by Javier Castro, journalist and economist for Investment Strategies.Give us your opinion and let us know if you like or don’t like this new installment and don’t forget to our portal You have what it takes to stay up to date with the most important economic information.

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