On the eve of The Fed’s big decision to hike rates 75bps or 100bps in an effort to shock the system and tamp down out of control inflation, no lesser entity than the CCP-backed Global Times penned an editorial attacking US monetary policy, entitled: “The strong dollar should not become a sharp blade to cut the world.”

“A super strong US dollar and the fall of other currencies will, to a certain extent, ease the scorching inflation in the US economy, but the world will have to pay for it.“

And the dollar’s strength has pushed Asian FX markets down hard to their weakest since 2003…

https://www.zerohedge.com/geopolitical/dollar-once-again-worlds-problem-chinese-state-media-urges-de-dollarization-amid-feds