China, Japan Shout Loudly At Plunging Currencies

Last week, I said the dollar "wrecking ball" was back. From a kind of "feel the market" perspective (to quote one former US president) the situation doesn't seem as acute as it did this time last year, when Jerome Powell was busy trying to convince everyone how deadly serious the Fed was about the inflation fight. In essence, the message was that beating back inflation in the US came first, and any collateral damage from attendant dollar strength fell in the "you gotta break a few eggs" categor