Dollar’s Record Strength Adding to Turbulence Threatening Stocks
- Currency’s steady rise will take bite out of overseas earnings
- Adds to worries as stock buyers eye recession risk, rate hikes
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US stock-market investors are already contending with the nerve-shattering combination of surging inflation, growing recession fears and a Federal Reserve that’s raising interest rates at the fastest pace in decades.
Now the US dollar is piling on, too.