Why Is The U.S. Dollar So Strong And Where Does It Go From Here?

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While 2022 was extremely challenging for the majority of financial markets and assets, the same could not be said for the U.S. dollar, which has been steadily strengthening over recent months against other currencies. The dollar index (DXY) is up almost 11% since the start of the year after hitting the 20-year high in July. Specifically, the greenback is up 15% against the Japanese yen this year, and up 10% and 5% against the British pound and China’s renminbi, respectively. Q2 2022 hedge fund letters, conferences and more Furthermore, the dollar also reached parity with the euro for the first…

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