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Sinking Dollar Lifts Fortunes of Alaska Fish, Fertilizer Exporters.
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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July 22, 2002
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Copyright informationCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. 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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By Wesley Loy, Anchorage Daily News, Alaska Knight Ridder/Tribune Business News
Jul. 22--The dollar is getting weaker and weaker against foreign currencies like the Japanese yen and the British pound.
Sound like bad news?
It's not, at least for companies in the business of exporting Alaska commodities like fish, fertilizer and minerals. When foreign currencies strengthen, it means buyers in Tokyo, London, Seoul or Frankfurt can buy more U.S. goods with each yen, pound, won or euro.
"It's a very good time for American fishermen, farmers and loggers," said Terry Gardiner, president of NorQuest Seafoods Inc. of Seattle.
Since early this year, most key ...
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