157-year-old bank warns U.S. dollar is 'overvalued'
I know working professionals who keep complaining that they are struggling financially despite rising salaries. I checked the Federal Reserve Economic Data (FRED) and found out that the average price of a pound of white bread has risen from 1.83 in January 2025. It is a jump of more than 18% within a span of three years. Meanwhile, the U.S. dollar index, which calculates the value of the USD relative to a basket of foreign currencies, has fallen to 96.2, its lowest point since ...