It’s every nation for itself as dollar batters global currencies

(Image: Bloomberg)

Fri, 23 Sep 2022

By Ruth Carson and Saleha Mohsin(Bloomberg) – Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert.Fuelled by hawkish Federal Reserve policy, US economic strength and investors in search of a haven from market swoons, the greenback is surging relentlessly against counterparts big and small by the most in decades. Japan has become the latest major country to step directly into the foreign-exchange fray, joinin...

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