The US dollar, or any currency, isn’t the economy either. Look at the recent bout of inflation we had, unemployment remained pretty steady despite relatively extreme rate hikes.
The US dollar is based on supply, which impacts relative value. It’s all interconnected, but central banks can manage inflation/deflation regardless of what happens to the economy.
the US Dollar is partly based on value. The value of American ingenuity and brands, and the dollar availability and acceptability.
The US dollar, or any currency, isn’t the economy either. Look at the recent bout of inflation we had, unemployment remained pretty steady despite relatively extreme rate hikes.
The US dollar is based on supply, which impacts relative value. It’s all interconnected, but central banks can manage inflation/deflation regardless of what happens to the economy.