Bloomberg Wealth: What a Surging US Dollar Means for You
US dollar banknotes at the Ninja Money Exchange, operated by Interbank HD, in the Shinjuku district of Tokyo, Japan.
Photographer: Toru Hanai/BloombergDespite downdrafts buffeting the US economy, the dollar is pushing in one direction: up.
It’s a surprising shift from last year, when Bitcoin was up, fiat was on the outs and the greenback was hitting lows it hadn’t seen in years.