The rising dollar is proving bad news for most other assets – will it last?

Precious metals, stocks and pretty much every other asset has taken a tumble as the US dollar strengthens. Dominic Frisby looks at how long this trend could last, and what you should do.

US silver coins © Scott Olson/Getty Images
The rising dollar has driven silver down by 20%
(Image credit: © Scott Olson/Getty Images)

It’s all gone a bit wobbly – worryingly so.

Big falls in the FTSE 100, the Dow Jones, the S&P 500. Tech stocks, in the form of the Nasdaq index, have been slightly more resilient – at least this week. But a fortnight ago it was leading on the downside.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby