scorecardresearchThe Strong Dollar Is Wreaking Havoc Globally— And It’s Just Getting Started

The Strong Dollar Is Wreaking Havoc Globally— And It’s Just Getting Started

Updated: 28 Jul 2022, 07:53 AM IST
TL;DR.
George Boubouras was at his home in east Melbourne, taking in a cricket match, when his phone suddenly blew up.
A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, July 27, 2022. Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. (AP Photo/Lee Jin-man)

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, July 27, 2022. Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. (AP Photo/Lee Jin-man)