To: egarvue
Does the lower value of the dollar help out our manufacturing sector?
Definitely, when the dollar is lower our goods are cheaper overseas, and imports cost us more here at home. So we'll be buying more American made goods, and so will foreigners.
8 posted on
12/18/2003 1:56:56 PM PST by
RWR8189
To: RWR8189
I forgot to add to, that since the Chinese yuan and some other Asian currencies are pegged to the dollar, fluctuation in the exchange rates dont have as much of an effect.
What the weak dollar and strong euro is really doing is hampering recovery in Europe since their exports are more expensive to us and the rest of the world.
10 posted on
12/18/2003 1:59:28 PM PST by
RWR8189
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