When the US dollar is strong against other currencies, it makes imports comparatively cheaper.

For the construction industry, growth in the purchasing power of the US dollar should provide some relief for the uptick in commodities prices we’ve seen over the last two years.

The US dollar is getting stronger compared to the world’s major currencies. It has surpassed the Pound Sterling, reached rough parity with the Euro, and continues to make gains against the Japanese Yen. This is primarily due to these countries’ fights against inflation rather than strength within the US. Countries across Europe continue to face rising inflation while bracing for a potential energy crisis this winter as sanctions on Russia limit natural gas sales.