I'm a bit confused on the impact of inflation and the dollar. If inflation goes up, shouldn't that be good for the dollar (as inflation fuels rate increases?) ...or is there a larger driver that I'm missing here?
I would think high inflation leads to higher interest rates which leads to people buying more dollars and selling their local currency.
Thanks all!
I would think high inflation leads to higher interest rates which leads to people buying more dollars and selling their local currency.
Thanks all!