Why the Dollar Is Going Up Along With Interest Rates?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Dollar is at a 20 year high against the other major currencies. The way to boost your exchange rates is to have higher borrowing costs. In this new world of figher interest rates, what this tells us is that nobody can keep up with the fed. That could complicate their efforts to bring down inflation.

The US dollar surged to its highest level in two decades on Thursday, the US economy contracted unexpectedly in the first quarter, Twitter admits an ‘error’ in audience figures for the past three years, and Amazon shares fell after the company said it expects revenue growth to remain sluggish.

Mentioned in this podcast:

Falling sales and high costs weigh down Amazon earnings

US economy contracts for first time since mid-2020

Dollar surges to highest level in 20 years

Twitter admits overstating audience figures for 3 years

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.