Posted on Jun 11, 2024
A strong dollar is great news for most of us — but not everybody is a winner
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The strong dollar brings a number of advantages. It reinforces America’s economic dominance and it helps reduce inflation by making imports cheaper.
But a rising dollar doesn’t lift all boats. Some exporters have been hit as the stronger domestic currency makes them less competitive in overseas markets, while also creating economic headaches around the world.
But a rising dollar doesn’t lift all boats. Some exporters have been hit as the stronger domestic currency makes them less competitive in overseas markets, while also creating economic headaches around the world.
A strong dollar is great news for most of us — but not everybody is a winner
Posted from npr.orgPosted in these groups: 
Economics
Economics
Posted >1 y ago
Responses: 1
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MSG Billy Brumfield
It just cost me $90 to fill up and $450 to get groceries. I don't give a rip if it's still stronger than a damn rouble that's never been worth much more than a friggin penny!
Is this how we're measuring the strength of a dollar since 2020? WEAK!
Is this how we're measuring the strength of a dollar since 2020? WEAK!
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