The US dollar is up 15% against the yen, 10% against the pound, and 5% against the yuan.

Aggressive rate hikes by the Fed (1.5% since March) have brought the dollar from near 5 yr lows in 2021 to current highs.

Higher interest rates help determine exchange rates, as they often lead to a stronger currency and thus more capital inflows.

With the increased strength of the dollar we've seen more American tourist spending in Europe. So, where are you traveling?