Why the dollar is so strong
A weak starting point, rising interest rates and safe-haven status have made for a huge rally
IT IS A good time to be an American tourist in Europe. Earlier this month the euro briefly dipped below parity with the dollar for the first time in two decades. But there is no need for Americans to confine their travels to Europe. Almost everywhere in the world is cheap for them these days. This year the dollar is up by 15% against the yen, 10% against the pound and 5% against the yuan. Why?
More from The Economist explains
The vocabulary of disinformation
From AI-generated news to verification
What are the rules governing protests on American campuses?
They vary, and are hard to enforce
Who is jamming airliners’ GPS in the Baltic?
Russia seems to be the culprit, but it may be inadvertent