, Columnist
Nothing Will Stop the Dollar From Getting Stronger
What other central banks do is becoming largely irrelevant; European inflation hangs on energy prices, and the greenback is rising with them.
The yen slumped past the key psychological level of 140 per dollar last week and has weakened further.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
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Global imbalances are growing ever more intense, and that’s visible most clearly in the incredible strength of the US dollar. It’s becoming quite extraordinary.