The dollar has been “strong” for a long time. From a low of 89.75 in May 2021, the DXY rose to nearly 115 in September 2022, a surge of nearly 28% — around 80% of the rise came during the 12 months starting October 2021. After the pandemic hit in January 2020, the Fed brought down rates (from 1.5%) to near-zero by April to keep the economy from collapsing even further; with rates flat on their back, the economy began to slowly revive as had inflationary pressures, and by October 2021 the market had begun to worry that the ultra-low rates could trigger serious inflation, which might be difficult to control. The Fed ... (full story)