the septenary (diapholom) wrote,
the septenary

which means more BangBus episodes

Benefits of a weaker dollar

There is some upside to dollar weakness, since many big U.S. companies get a bump in sales overseas, where their products become more competitive. For example, Procter & Gamble reported sales grew 3 percent in the third quarter due strictly to changes in currency exchange rates, bringing in an extra $365 million in company coffers.

And manufacturers such as U.S. automakers typically cheer a weaker dollar, even though the weakness tends to benefit producers of commodities such as steel more than makers of finished products such as autos.

U.S. tourism is another industry that can see a lift from a weaker dollar. Foreigners are more likely to visit because their home currencies can buy more here, and U.S. vacationers who might otherwise travel abroad are more likely to stay home if the weak dollar makes an overseas trip too costly.

  • The Red Violin

    \ "yeah he's doing such a great job as President you would have to be a total dumbass to question his academic credentials. If his performance…

  • la la lala america~

    \ " This book is on my all-time top 10 list. While it is well worth the price, it is also available in its entirety online, at…

  • not under the law, but under grace

    \ The Bible consistently tells us that homosexual activity is a sin (Genesis 19:1-13; Leviticus 18:22; 20:13; Romans 1:26-27; 1 Corinthians 6:9).…

  • Post a new comment


    default userpic

    Your reply will be screened

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 1 comment