U.S. Dollar Soars and Shakes Global Markets, But Is Its Strength Bad for the American Worker?

The U.S. dollar has continued its strong performance this year, appreciating against major currencies like the yen, euro, and yuan. While a strong dollar allows Americans to buy more foreign goods, it can also hurt U.S. exports by making them less affordable abroad. Experts highlight that the implications of a strong dollar are complex; it can boost U.S. global power but also negatively impact American workers. Historical perspectives, like those of former President Trump, suggest that a strong dollar is not always desirable, particularly when it affects trade and economic balance.