The Graphic Truth: The strong greenback

Graphic Truth: The US dollar is strong - though the Russian ruble has risen in value more in 2022 through the end of September
GZERO Media

Developed and emerging economies alike have seen the value of their currencies plummet in recent months due to the economic reverberations of the ongoing war in Ukraine. Food and fuel shortages have put upward pressure on prices, and inflation has soared to record highs in some places. While inflationary pressures are surely being felt in the US, the greenback has reached a two-decade high compared to other major currencies. This is in part because the US Federal Reserve’s measures to curb inflation have boosted investor confidence. However, a strong US dollar can have painful consequences for other states, particularly import-reliant ones, because most global commodities are priced in US dollars. We take a look at the value of currencies used in the world’s largest economies compared to the US dollar before and after Russia invaded Ukraine.

More from GZERO Media

Proud Source became a Walmart supplier in 2021. Today, its team has grown by 50%, and it's the largest employer in Mackay, ID. Walmart supports small businesses across the country, and nearly two-thirds of Walmart's product spend is on products made, grown, or assembled in America. It’s all a part of Walmart’s $350 billion investment in US manufacturing, which helps small businesses grow and supports US jobs. Learn more about Walmart’s commitment to US manufacturing.

Quantum technology offers the next frontier of innovation. As the global race for quantum technology intensifies, Microsoft Vice Chair and President Brad Smith highlights the need for the United States to harness its heritage of scientific innovation and outlines three strategic actions to ensure American quantum leadership. These actions include increasing government-funded quantum research, developing a skilled quantum workforce, and securing the quantum supply chain. Learn more here.

US Vice President JD Vance meets India’s Prime Minister Narendra Modi in New Delhi, India, on April 21, 2025.
India’s Press Information Bureau/Handout via EYEPRESS

If there’s a winner from President Donald Trump’s trade wars, India is a good candidate. Its longtime rivalry with China gives Prime Minister Narendra Modi ample motive to build new bridges with the United States.

President Donald Trump gives a thumbs up as he returns to the White House on Feb. 22, 2025.

REUTERS/Craig Hudson

This week marks 100 days of the second Trump administration. Against a political timekeeping system of late that has been measured by the shelf life of lettuce (British Prime Minister Liz Truss’ seven weeks in office) and “Scaramuccis” (Anthony Scaramucci’s 10 days as White House communications director during Trump 1.0), the first 100 days of this administration feels like an anomaly.

Canadian Prime Minister Mark Carney speaks in the small hours of April 29, 2025, in Ottawa after his Liberal Party won the general election the previous day.
Kyodo via Reuters

The Liberals have won the battle to lead Canada, securing 168 of 343 parliamentary seats.

Qatar's Emir Sheikh Tamim Bin Hamad Al Thani receives Syrian President Ahmed al-Sharaa, in Doha, Qatar, earlier this month. Qatar and Saudi Arabia have now jointly agreed to pay off Syria's World Bank debt.
Amiri Diwan/Handout via REUTERS

The country's interim president Ahmed al-Sharaa faces a tricky tradeoff when it comes to securing the country.

US President Donald Trump returns to the White House from his New Jersey golf club to Washington, DC, on April 27, 2024.

Sipa USA via Reuters Connect

With a cohesive team in the White House, Republican control of Congress, and a disoriented Democratic opposition, Donald Trump has pushed ahead rapidly on many fronts since inauguration. But opinion polls in recent weeks have shown a sharp decline in public support for the president, and the courts, financial markets, and other institutions have started curbing his actions. We asked Eurasia Group experts Clayton Allen and Noah Daponte-Smith where things are likely to go from here.