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 6 mo ago
Responses: 2
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1. Strong dollar helps many, but article mentions that it can hurt domestic manufacturing and foreign debtors. The former means higher costs and the latter means greater difficulty with repayment.
2. For those who think the US dollar is weak, look at the Russian ruble. It has declined from a high of four cents to a current low of one cent.
2. For those who think the US dollar is weak, look at the Russian ruble. It has declined from a high of four cents to a current low of one cent.
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MSG Billy Brumfield
“This is going to be HUGE” and U.S. Dollar DOMINANCE is on the line. | Morris Invest
The West is getting desperate to hold onto power, and they're using their proxy war in Ukraine to bring war to Russia and the whole of Europe. On Friday, Rus...
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LTC Eugene Chu
The US dollar far stronger than the Russian ruble as of 2024...
https://www.marketscreener.com/news/latest/Russian-rouble-weakens-against-US-dollar-46945620/
https://www.marketscreener.com/news/latest/Russian-rouble-weakens-against-US-dollar-46945620/
Russian rouble weakens against US dollar
The Russian rouble weakened against the U.S. dollar on Tuesday. By 0715 GMT, the rouble was 0.59% lower at 89.07 to the dollar after trading in a range of 88.550 to 89.078. ...
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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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