Is A Strong U.S. Dollar Good Or Bad For The World? – SharesInv.com:
When currencies have exaggerated moves, central bankers will oftentimes comment but so far we have not heard a peep from policymakers around the world. The reason why there has been virtual silence is because a strong USD is good for the world especially when inflation is not a problem. In fact, recent efforts taken by central banks around the world are aimed at bolstering their economy and providing their country with a competitive advantage. A weaker currency helps to accomplish that goal by increasing the purchasing power of Americans and making the exports of countries such as Japan and Australia cheaper. Typically, policymakers complain about a strong currency and not a weak one but in the case of the United States, a strong dollar is not a big problem because the US is not an export dependent economy.
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