How to profit from a stronger dollar

As Europe and Japan continue with quantitative easing, the US is holding back. That's likely to strengthen the dollar. John Stepek explains how you can take advantage.

It's not too much of an exaggeration to suggest that central bankers have become the new gods of the financial world.

When they speak, markets listen. With a gesture, they can create money out of nothing, and turn the economic order on its head. They move in mysterious ways (as you'll rapidly realise if you ask a roomful of economists to explain precisely how quantitative easing works).

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.