U.S. Economy’s Surprise Risk

[JohnAdams]

The surging value of the U.S. dollar promises new bargains for American consumers and travelers but also presents big threats to the U.S. economy — in a trend that is shaping up to be one of the most unexpected and significant factors driving the global economy this year.

The dollar ended Wednesday at its highest value — $1.05 — against the euro in 12 years, and many analysts expect it to become more valuable than the common European currency in coming days. Other currencies have also taken a slide, making overseas travel cheaper for Americans, but goods and services priced in dollars more expensive for foreigners.

U.S. economy s surprise risk The dollar s surge could weaken growth - The Washington Post

Well considering most American companies manufacturer overseas, it's kind of a double edge sword for them . Yes, this is good for oil export. Other exporting industries may suffer, export decreases.

 

[Mac1958]

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It's a race to the bottom right now. We're trying to stop the bleeding while other countries are trying to de-value.

The dollar is only getting stronger because everyone else is trying so hard to make their currency weaker.

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