OPINION

The secret of the greenback's appreciation

News, Jeffrey Frankel, Published on 24/09/2022

» Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength. Since May last year, the greenback has risen by 28% against the yen and 20% against the pound. In addition, it has appreciated 19% against the euro, reaching parity for the first time since 2002.