Is a strong dollar a good thing? Not for everybody

https://www.npr.org/2022/09/27/ [login to see] /strong-dollar-euro-pound-foreign-exchange-fx-inflation
The value of the U.S. dollar is surging at a moment when there are few clear bright spots in the American economy.

It's now the strongest it has been in two decades, and it's poised to get even stronger. The new power of the greenback is roiling economies and markets around the globe, and creating winners and losers.

Early Monday, the British pound reached a record low against the dollar after the United Kingdom's new finance minister announced a package of tax cuts meant to stimulate the country's economy.

Never before in history has the U.S. dollar's value been so close to the pound, and the news generated a sense of emergency for the U.K. central bank. Bank of England Governor Andrew Bailey put out a statement intended to reassure the country, saying the bank "is monitoring developments in financial markets very closely."