Your daily purchases, travel plans, and even the price of gas are all quietly influenced by the strength of the US dollar. But understanding why the dollar is so strong right now, and how it impacts everything from your grocery bill to global trade, is more straightforward than you might think.
The US dollar has been remarkably strong lately, reaching multi-decade highs against other major currencies.
This trend has been ongoing for some time, with the dollar index (DXY), which measures its value against a basket of six major currencies, often hovering near 20-year peaks.