The rapid rise of the dollar against other currencies is causing distress in other countries. Globally traded commodities like oil and various foods are priced in dollars. The costs of essential and basic items are going up, hitting already faltering economies.
Action will be necessary as a major financial and humanitarian crisis unfolds. This episode of What’s Ahead explains how the crucial economic countries can positively cope with this situation by following the precedent—certainly in spirit—of a now-forgotten 1985 conference held at the Plaza Hotel in New York City.
Source: https://www.forbes.com/sites/steveforbes/2022/10/07/how-the-us-should-stop-the-destructive-rise-of-the-dollar/