This week, another increase in interest rates is expected in the United States, which in turn will lead to another strengthening of the American currency against world currencies.. Reported by the Financial Times.

" Higher interest rates tend to attract foreign investors, boosting demand for the dollar..

It is noted that the strengthening of the dollar against other currencies, in particular the euro, is facilitated by the Fed's policy aimed at combating the highest inflation in 40 years.. Adding to the negative on the market (except for the conflict in Ukraine) is the slowdown in economic growth in Europe and the ongoing lockdowns in China.

At the same time, a strong dollar is causing concern for American businesses..

U.S. companies with large overseas businesses are suffering as a strong dollar will lower the cost of their international sales and make them less competitive with local competitors..

IBM, Netflix, Johnson \u0026 Johnson and Philip Morris have already reported a drop in revenue due to the exchange rate, the newspaper notes.. Apple and Microsoft may join soon.

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IBM already warned last week that a stronger dollar could cut its revenue by $3.5 billion this year..

Johnson \u0026 Johnson expects $4 billion loss. Philip Morris lost $500 million in the second quarter, Netflix lost $339 million between April and June.

Dollar strength is forecast to continue for several more quarters.

Carl Chamotte, chief market strategist at financial advisory firm Corpay, predicts the Fed will need to step up its aggressive pace of appreciation as the US economy cools.. And the dollar has not yet reached its peak, as investor interest in the US currency remains.

Recall that the hryvnia exchange rate in Ukraine is fixed against the US dollar..

On July 21, the National Bank of Ukraine adjusted the official exchange rate of the hryvnia against the US dollar by 25% to UAH 36.5686/USD. USA.

Until November, we will have inflation at 75%, an exchange rate of 45 hryvnia to the dollar, incredible debts and a rapid decline in foreign exchange reserves. But the government still does not admit that we have serious problems with the economy. Yulia Samaeva talks about this in the article \?