Because if inflation keeps going up, Fed will raise interest rates more to try and keep it under control, making the future value of the usd higher than it is... So actually it's an upside down world. Good news for economy, more inflation, fed puts out higher interest rates, dollar value goes up. And the other way around.
Jon report came out last week. Good results. People still have money, so they keep buying, prices keep climbing, inflation goes up, Fed is gonna hike rates more than 0.75 if it doesn't start going down, higher rate hikes than EU, USD value goes up
It’s getting stronger but in compare to other currencies
Because if inflation keeps going up, Fed will raise interest rates more to try and keep it under control, making the future value of the usd higher than it is... So actually it's an upside down world. Good news for economy, more inflation, fed puts out higher interest rates, dollar value goes up. And the other way around. Jon report came out last week. Good results. People still have money, so they keep buying, prices keep climbing, inflation goes up, Fed is gonna hike rates more than 0.75 if it doesn't start going down, higher rate hikes than EU, USD value goes up