Why is the U.S Dollar so much stronger than a majority of other currency around the world?

Question

I have always wonder why its so much stronger ? when you go to Japan, everything is cheaper in a sense and the U.S dollar means more in Japan. Why is that ?

In: Economics

Answer 1

To add to what other Redditors have contributed, the dollar is still relatively strong right now because our Federal Reserve bank dropped the hammer harder than most other countries during the post-Covid inflation crisis. As angry as people were about inflation in the US, it was worse in a lot of other places.