Dollar surges 8% since Trump's election win impacting consumers and US exports

The US dollar has surged since Donald Trump's election win, rising as much as 8% since October 1. This increase boosts consumers' purchasing power, making foreign goods and travel cheaper, but it also poses challenges for US exports and multinational companies. A stronger dollar means consumers can get more value when converting money for foreign purchases or travel. It may also help lower domestic inflation by making imported goods less expensive, as foreign companies can lower prices for US buyers. However, the strong dollar can hurt US companies that rely on overseas sales. As profits from foreign sales convert to fewer dollars, stock prices may decline. About 40% of S&P 500 revenues come from abroad, making these companies vulnerable to currency fluctuations.