The dollar’s dip will not become a sustained decline
Two pillars of strength hold up the greenback
The ENDLESS queues, filled with American accents, outside Dishoom, a chain of upmarket British curry houses that has gained international fame thanks to TikTok, tell a story which anyone who has recently visited Paris, Rome or Tokyo can confirm: the dollar is mighty. American tourists are rushing to take advantage of bargain sterling-, euro- and yen-denominated holidays.
This article appeared in the Finance & economics section of the print edition under the headline “Greenback setback”
Finance & economics July 22nd 2023
- Your employer is (probably) unprepared for artificial intelligence
- How much trouble is China’s economy in?
- The dollar’s dip will not become a sustained decline
- Big tech’s dominance is straining the logic of passive investing
- America’s big banks are in rude health—with one exception
- Instant payments finally reach America with FedNow
From the July 22nd 2023 edition
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