Bear On Wall Street: U.S. dollar

Monday, October 19, 2009
By thevoice

42-21045197As the dollar reaches $1.50 against the Euro, a few positive points to a weak dollar:

-Aid current manufacturers in the American economy
-Expand the current industrial base
-Lift exports around the world
-Allow for more aggressive pricing overseas
-Narrow the trade deficit by closing the gap between exports and imports

And now the downside to a devalued dollar:

-Main factor is oil rises above $75
-Purchasing power decreases compared to the rest of the world
-Greater possibility for higher interest rates and inflation
-Higher costs for all imported goods
-Trade tensions between Europe and Asia will increase

 

thevoice@voicedup.com
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One Response to “Bear On Wall Street: U.S. dollar”

  1. a weak dollar sucks!

    #1684

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