You are here

Dollar's surge leaves a trail of destruction

Section: Daily Dispatches

By Saikat Chatterjee and Sujata Rao
Friday, April 29, 2022

LONDON -- The dollar's race to two-decade highs is leaving a trail of destruction in its wake, exacerbating inflation in other countries and tightening financial conditions just as the world economy confronts the prospect of a slowdown in growth.

This year's 8% gain by the dollar against a basket of currencies is driven partly by bets that the U.S. Federal Reserve will raise interest rates faster and further than other developed countries, and partly by its status as a safe haven in times of turbulence.

... Dispatch continues below ...


Come to the 2022 Planet Microcap Showcase
Tuesday-Thursday, May 3–5, at Bally’s Las Vegas Hotel and Casino

Precious Metals Summit's Jessica Leventhal invites  you to meet the most promising companies and the top dealmakers in microCap finance for three days of company presentations, one-on-one meetings, and educational panels in the premier in-person event in microcap finance.

Speakers include insightful junior resource investors and speakers like Tavi Costa (portfolio manager for Crescat Capital), David Erfle (writer and analyst for Junior Miner Junky), Bill Powers (host of the Mining Stock Education podcast), and Gwen Preston (editor of Resource Maven).

Dozens of junior resource companies will be participating.

For more information, please visit:
To register:

It is also supported by Japan's reluctance to ditch its super-easy policies, and fears of recession in Europe.

Here are some areas affected by the dollar's muscle-flexing. ...

... For the remainder of the report:

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at:

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: