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Article: Weak dollar got you down? Don't strain yourself. That scrawny, depreciating George Washington in your wallet has a little muscle in him yet.(Front)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- October 4, 2007
CopyrightCOPYRIGHT 2007 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Weakness is often thought of as a bad thing. News in recent weeks of a weak U.S. dollar against other world currencies sounds bad, but a weak dollar isn't always a problem. And a strong dollar isn't all good.
What's good about a weak dollar?
The products of U.S. companies become more competitive because their prices are lower than those for imported goods. Also, U.S.-made goods become more competitive in overseas markets, spurring U.S. exports.
Foreign investors may be more willing to invest in U.S. capital markets. Stihl Inc., the U.S. subsidiary of German chain saw maker Andreas Stihl AG & Co. KG , recently opened a small addition to its ...