by confoundedinterest17
This one’s going to hurt you for a long, long time.
Over the past year, the dollar has been on a tear: The U.S. Dollar Index, which measures the dollar’s strength against a basket of foreign currencies, is up 18%. And up 25.2% under 80-year old US President Joe Biden (well, he will be 80 in November).
For tourists, a strong dollar is great news. It means you get more for your money abroad.
But for investors, a beefed-up buck is decidedly bad news.
When the dollar strengthens, that means foreign revenues are going to translate into fewer dollars. Those earnings are going to come in lower and any overseas investment you own is going to hurt you in a rising dollar environment.
