With midterm elections approaching, help us make everyone smarter about the economy. Donate Now

Why the U.S. dollar is so strong right now

Aug 29, 2022
The dollar index hit a 20-year high in European trading, the result of the Fed's rate hikes and the relative strength of the U.S. economy.
The dollar is essentially at par with the euro — lower than it’s been since the European common currency was launched.
mars58/Getty Images