From Tokyo to Istanbul: The World Reacts to a Surging US Dollar The strong US dollar is challenging economies worldwide, compelling central banks and governments to take measures to protect their currencies. As the US economy’s resilience delays anticipated interest rate cuts, the dollar has risen against almost all major currencies in 2024, surprising many analysts. Japan has hinted at possible interventions to support the yen, which is near a 34-year low, while Turkey unexpectedly raised interest rates to strengthen the lira. Other countries like China, Indonesia, Sweden, and India are also taking steps to stabilize their currencies. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Economic Recession and Yen Depreciation Push Japan Behind Germany READ MORE Fed's Daly: Cooling Inflation May Warrant One or Two Rate Cuts in 2024 READ MORE US Inflation Hits 12-Month Low, Sparking Hope for Economic Relief READ MORE Unexpected Dip in US Jobless Claims Signals Robust Labor Market READ MORE A Close Above $2,078/oz Sets a Record High Closing Price for Gold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment