This one’s going to harm you for a protracted, very long time.
Over the previous 12 months, the greenback has been on a tear: The U.S. Greenback Index, which measures the greenback’s energy towards a basket of foreign currency, is up 18%. And up 25.2% underneath 80-year previous US President Joe Biden (properly, he will probably be 80 in November).
For vacationers, a powerful greenback is nice information. It means you get extra to your cash overseas.
However for buyers, a beefed-up buck is decidedly dangerous information.
When the greenback strengthens, meaning international revenues are going to translate into fewer {dollars}. These earnings are going to come back in decrease and any abroad funding you personal is going to harm you in a rising greenback atmosphere.
