The dollar is super duper mighty right now. Here's what that means for you
CNN
Few investments have increased in value during this challenging year on Wall Street. But one asset that is in green in 2022 is literally green: the US dollar.
The greenback has soared this year thanks to the Federal Reserve jacking up interest rates to fight inflation and hopes that the US economy will prove to be more resilient than others around the world despite fears of recession.
The US Dollar Index, which tracks the dollar versus the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, has soared nearly 13% this year and is trading near its highest level since May of 2002.
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