– How can inflation be hitting this hard in the US, when the dollar is getting stronger around the world when compared to other currencies like the Euro?

Question

– How can inflation be hitting this hard in the US, when the dollar is getting stronger around the world when compared to other currencies like the Euro?

In: 16

Answer 1

if anything it should be affecting them more, since the rest of the worlds got hit harder.

all nations that trade for oil need to keep a reserve of Us Dollars to be able to trade for it and in times of instability theyll deem it worth it ot hold a bit more of the currency: considering the current situation in Europe , this inflation is bound ot escalate further.