Part of why this is happening is the central bank raising interest rates in the US because of that inflation. When it looks like it’s going to get more and more expensive to hold dollars in the future, the dollar is bought up a lot, forcing other currencies out. This and the energy crisis the US created is forming a combined effect to destroy those currencies. It makes the dollar stronger internationally, while doing very little to address domestic pricing problems.
Part of why this is happening is the central bank raising interest rates in the US because of that inflation. When it looks like it’s going to get more and more expensive to hold dollars in the future, the dollar is bought up a lot, forcing other currencies out. This and the energy crisis the US created is forming a combined effect to destroy those currencies. It makes the dollar stronger internationally, while doing very little to address domestic pricing problems.