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Falling Dollar
- By Tomaso Veneroso
- Published 11/28/2007
- Publications of interest
- Unrated
As the dollar move down,it makes the prices for US manufacturers more attractive.
The greenback's decline: in the third quarter it depriciated 3% against seven currencies,hit an all time low against the Euro,and reached parity with the Canadian dollar for the first time in 30 years-raprresent a boon to many US businesses facing tough competition.Small exporters are benefiting disproportionately,as their ranks have swelled in recent years.
The USComapnies has the most rival in China .They are enjoying little relief because Beijing keeps the yuan artificially low relative to the Dollar.
For a groving share of US Corporation,however,today's exchange rate -driven by falling US interest rates,among other factors-offer great opportunity to begin building trade relationship for the future.
It is self understod that the dollar drop is bad news fro small companies that sell import.
The greenback's decline: in the third quarter it depriciated 3% against seven currencies,hit an all time low against the Euro,and reached parity with the Canadian dollar for the first time in 30 years-raprresent a boon to many US businesses facing tough competition.Small exporters are benefiting disproportionately,as their ranks have swelled in recent years.
The USComapnies has the most rival in China .They are enjoying little relief because Beijing keeps the yuan artificially low relative to the Dollar.
For a groving share of US Corporation,however,today's exchange rate -driven by falling US interest rates,among other factors-offer great opportunity to begin building trade relationship for the future.
It is self understod that the dollar drop is bad news fro small companies that sell import.
