Strong Economy: A country with a robust economy attracts global investment,

Interest Rates: The Federal Reserve's aggressive interest rate hikes make the dollar

Reserve Currency: The dollar's status as a reserve currency

Inflation and Economic Stability: The Federal Reserve's role in setting interest

Cheaper Imports: Conversely, a strong dollar makes foreign imports to the United States

Consumer Impact: Cheaper imports due to a strong dollar can benefit U.S.

Inflation Mitigation: During periods of high inflation,

Interest Rates: Capital inflows driving the dollar's value can lead to higher interest rates,