> no empirical relationship between interest rates and exchange rates

Wat [1][2][3][4].

[1] https://www.investopedia.com/ask/answers/040315/how-do-chang...

[2] https://www.kansascityfed.org/documents/443/1986-Interest%20...

[3] https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp548.pdf

[4] https://www.investopedia.com/carry-trade-definition-4682656

> Rising rates don't make the dollar stronger. There's no empirical relationship between interest rates and exchange rates.

I think this is the first time I've ever heard someone try to claim that printing money does not, ceteris paribus, impact the exchange rate.

Interest rates are actually the predominant driver of demand for a currency!