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'Strength' of the U.S. dollar.


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On 9/28/2022 at 6:39 PM, numnuts said:

'Why is the US dollar so strong, and what does it mean?' 

 

The US dollar is only 'strong' because the pound has been weakened, by hedge-fund investors and speculators 'betting against' it.

 

While the media focuses on the 'negative' aspect that it means imports paid for in US dollars end up costing more - "everythings going up in price!" - they are mostly overlooking the fact that this means exports to the USA or other countries buying in dollar value become much more attractive.

 

As a result of this at work, since the other week, our sales to US customers have increased, and by tweaking our prices, our US business has become a little more profitable for us. So some good has come out of this!

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