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)