Quote:
Originally Posted by preciousjeni
The dollar is exceedingly weak right now globally.  |
And a weak dollar will make matters worse. Already, the economic slowdown in the United States and the Fed's interest rate cuts have caused the value of the dollar to drop relative to many floating currencies such as the Euro and the Yen. The weaker dollar may stimulate U.S. export competitiveness, because those countries will be able to buy more for less. But like I was saying before, it's still bad news for other countries who rely heavily on their own exports to the United States.
China in particular is at risk, because so much of its double digit anual growth have relied on the exports to the United States, and since Americans are the worlds biggest consumers, and China one of the world's largest exporters, if Americans are reluctant to buy, where would Chinese goods go?
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