The U.S. dollar begins the final quarter of 2022 bolstered by the same fundamentals that propelled it higher against major currencies for most of the year — with virtually nothing standing in the way of more gains.
Why it matters: A strong dollar is a brake against inflation that's still running uncomfortably high, for both consumers and the Federal Reserve. Yet U.S. multinationals that operate in markets where native currencies have weakened are poised to lose money when those revenues are translated into dollars.
