The Dollar Is Crushing Rival Currencies. Here’s Where Things Are Headed. | Barron's

2022-09-24 22:55:02 By : Ms. winnie yu

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The dollar’s remarkable rally shows no signs of slowing. In fact, the Federal Reserve’s hawkish message has given it fresh impetus.

The strong dollar is a concern for U.S. multinational corporations, impacting the value of international revenues. Accenture and Adobe both flagged a hit to earnings in recent days, while Apple raised App Store prices in all countries using the euro. And that’s just the A’s.

The dollar’s remarkable rally shows no signs of slowing.

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