Jun 02 2009
USA Export: Dollar Weakness
“A weak dollar makes USA export products more attractive to buyers in foreign countries, which helps U.S. companies sell more stuff.” comes from the article “What’s behind the dollar’s gyrations? – U.S. Money was strongest when economic crisis was worsening, the seesawing dollar from the Associated press published amongst others by the Dallas Morning News on June 2. In short, the reason for the dollar recent weakness (see http://www.xl-group.us/files/Currency_Exchange_Matrix_Table5.pdf ) is the increased amount of debt the United States has amassed in recent months.
The weakness of the Dollar helped the US getting out of the great depression of the 1930’s and so the similarity may be strong between both recessions. USA export products helped American companies grow and put more people to work.
