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 Biden's Exit Sparks Gold Price Fluctuations as Traders Weigh Implications READ MORE Gold, Silver & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE Goldman Sachs Reveals Record Hedge Fund Sell-Off in U.S. Equities READ MORE Gold Shines Bright in Early 2024 Amid Anticipated US Fed Rate Cut READ MORE Macro Funds Bet Big on Gold as Rate Cut Expectations Soar READ MORE Add a Comment Cancel replyYour email address will not be published.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