Since a weak dollar would mean that people in other countries will be able to purchase more US products for the same price, their demand would create a need for more products.
This demand would cause manufacturers to hire more employees and thus lower unemployment.
clarson73 contributes:
First, let's understand the U.S. dollar has been the so-called "world currency" since 1944. These days, more nations peg their currency against the dollar than not. These nations do not want to see the dollar weaken because, in short, it tends to hurt their economy when the dollar has less value than what they put into it. On the other hand, the U.S. tends to benefit from a weak dollar, in short term, because: 1.) It makes our debt to foreign investors (namely China and Japan) smaller... the debt is in U.S. dollars, so, a dollar that is lower-priced is cheaper to pay back-- but, the downside is they will tend to raise interest rates on future loans to us though. 2.) U.S. exports (look at what Ford Motor Co. is getting ready to do, along with many other U.S. manufacturers) are cheaper to manufacture, thus making exports more competitively priced and hopefully closing the gap, even slightly, on our trade deficit. 3.) Foreign tourists (mainly those from Europe, Canada, Australia...), students, etc. will find this a perfect time to come to the U.S. and spend their money because their money simply goes farther now... which is good for American retailers and universities alike. The bad part is it's more expensive for us to travel and buy merchandise, hotels, etc. there. 4.) Imports most likely will not be priced higher (for now) because foreign manufacturers will be reluctant to raise prices for the simple reason they rely on income from the massive U.S. market share on imported products and do not want to threaten their own economy by importing less products. (U.S.-made products become less expensive to make and thus more competitive as well. The Chinese currency is the yuan and is paralleled in worth almost exactly with the dollar which is why their products have been so competitively priced for so long. Think Wal-Mart.) 5.) Oil prices do rise when the dollar weakens. Oil is traded in U.S. dollars and oil-rich nations try to compensate for the loss in revenue by raising prices, BUT... the upside to this is that developing and using alternative fuel sources will drastically reduce our dependence on fossil fuels (and foreign oil of course) and ultimately enrich our environment for future generations. 6.) Gold prices also go up when the dollar goes down as long as demand for gold (as an alternative investment) increases (as with many commodities). Buy futures in gold right now. Sell when the dollar starts to go back up. This is an afterthought and I'm sure you've seen the commercials, but people tend to invest in commodities when the dollar weakens, thus increasing demand and driving up prices-- therefore making futures more lucrative (for now). Just remember to set a stop-loss point and sell when it begins to go the other way. When the dollar is weak you can hedge on futures contracts because many things tend to be on the upward swing, but remember that with that comes higher inflation, higher interest rates, etc. These are trends that don't tend to last for very long so take advantage of every opportunity you can before the dollar makes a comeback and hopefully evens out before too long. I'm no financial advisor as many of you can probably tell, but I do like the question and this is the best I can do with it. Thank you for listening.
Our dollar is weaker than their moneythe dollar is weak
much more favourably than about 6 months ago! (in favour of the dollar being stronger and the £ very weak relative to where it was)
The fluctuation between a strong and weak dollar can impact global trade and economic stability by affecting the competitiveness of exports and imports. A strong dollar can make imports cheaper and exports more expensive, leading to a trade deficit and potentially harming domestic industries. On the other hand, a weak dollar can make exports more competitive and boost economic growth, but it may also lead to inflation and higher import costs. Overall, the fluctuation of the dollar can influence trade balances, economic growth, and stability in the global economy.
1 euro is 1.48 dollars today Aug 21, 2008. Or 1 dollar is 0.67567 euros. So, you need for 500 euros 740 dollars. The dollar is weak.
1 euro is 1.48 dollars today Aug 21, 2008. Or 1 dollar is 0.67567 euros. So, you need for 5000 euros 7400 dollars. The dollar is weak.
The child who is being bullied is normally weak or an outsider.
Because people normally associate a low price with a weak business.
A weak dollar refers to a situation where the value of the U.S. dollar decreases relative to other currencies. This can make imports more expensive for U.S. consumers, but it can also benefit American exporters by making their goods more competitive in foreign markets.
Our dollar is weaker than their moneythe dollar is weak
fortunato's weak point is his wine cause he is an alcoholic
Weak battery and no gas can both cause a no start.Weak battery and no gas can both cause a no start.
a weak battery will not cause an engine vibration.
anti acid is a normally a base and it's weak
it can be weak or stroong depending on what flood it is normally it is a strong flood
the heart beats faster than usual and the pulse is very weak, why is that?
No all tornadoes are a threat even weak tornadoes cause they all bring damage and an impact on humans even weak tornadoes cause somebody can die if there close to a weak tornado or a small object that can cause significant damage to humans
If a persons immune system is weak, it can cause death.