Currency Angst Is Going Global as Strong Dollar Vexes Markets

News Snapshot:

(Bloomberg) -- A resurgent US dollar is exasperating central bankers and governments around the world, forcing them into action to relieve the pressure on their own currencies. From Tokyo to Istanbul, policymakers are stepping in to defend exchange rates with both words and deeds as a resilient American economy conspires to keep the greenback strong by pushing back expectations for lower US interest rates. The greenback has gained against virtually every major peer in 2024, defying many on Wall Street who came into the year predicting a dollar selloff. That’s prompted escalating warnings from Japan on its readiness to intervene...