One of the economic forces of 2022 has been the strength of the US Dollar and its impact on the rest of the world. There was something of a symbolic move yesterday as the Japanese Yen moved through 140 and indeed another one with the Euro falling through parity although a little care is needed with the latter because that is in film terms take three. The Federal Reserve calculates a broad trade-weighted or effective index and it is 123.2 whereas a year ago it was 113.8. Whilst that may bit seem a lot it has had quite an impact.
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