U.S. Dollar Soars and Shakes Global Markets, But Is Its Strength Bad for the American Worker?

Benzinga 2024-08-21

Views 61

The U.S. dollar has continued its strong performance this year, appreciating against major currencies like the yen, euro, and yuan. While a strong dollar allows Americans to buy more foreign goods, it can also hurt U.S. exports by making them less affordable abroad. Experts highlight that the implications of a strong dollar are complex; it can boost U.S. global power but also negatively impact American workers. Historical perspectives, like those of former President Trump, suggest that a strong dollar is not always desirable, particularly when it affects trade and economic balance.

Share This Video


Download

  
Report form