A Strong Dollar Reflects American Leadership

People gather at Saadallah al-Jabiri Square to celebrate, after Syria's army command notified officers that President Bashar al-Assad's rule had ended, in Aleppo, Syria, on Dec. 8, 2024. Karam al-Masri/Reuters

Commentary

The U.S. Dollar Index is up by about 5 percent so far this quarter, as the U.S. is the resurgent economic oasis for most of the rest of the world—in its stock market, currency, and now its bond market, as long-term interest rates on the 10-year Treasury declined to 4.15 percent on Dec. 6 from 4.5 percent on Nov. 15.