The answer is simple -- it is just a flight to safety. And the dollar is the safest place to hold assets at this point. The inflation is not the biggest issue.

The answer is simple -- it is just a flight to safety. And the dollar is the safest place to hold assets at this point. The inflation is not the biggest issue. If inflation was the biggest issue, everyone would be holding the stocks of companies that make the things that are inflating the most. But those stocks are going down with everything else. The problem is the damage Jerome Powell is intentionally doing to the economy in the name of fighting inflation.