Dollar hits 18-month high against euro

[ntdz]

http://news.ft.com/cms/s/b61ac448-4d21-11da-ba44-0000779e2340.html

I guess this is good in that imports will cost a little less, particularly from Japan.

 

[wirelessenabled]

Originally posted by: ntdz
http://news.ft.com/cms/s/b61ac448-4d21-11da-ba44-0000779e2340.html

I guess this is good in that imports will cost a little less, particularly from Japan.

Also that we will produce and export less and the trade deficit will grow, American jobs will be lost to overseas competitors. More money borrowed from and owed to foreigners since our domestic savings are tapped out.

Why do you think China maintains a cheap yuan policy?

 

[misle]

Originally posted by: wirelessenabled

Originally posted by: ntdz
http://news.ft.com/cms/s/b61ac448-4d21-11da-ba44-0000779e2340.html

I guess this is good in that imports will cost a little less, particularly from Japan.

Also that we will produce and export less and the trade deficit will grow, American jobs will be lost to overseas competitors. More money borrowed from and owed to foreigners since our domestic savings are tapped out.

Why do you think China maintains a cheap yuan policy?

Gee, I'm glad somebody always looks on the bright side... :roll:

 

[ntdz]

Originally posted by: wirelessenabled

Originally posted by: ntdz
http://news.ft.com/cms/s/b61ac448-4d21-11da-ba44-0000779e2340.html

I guess this is good in that imports will cost a little less, particularly from Japan.

Also that we will produce and export less and the trade deficit will grow, American jobs will be lost to overseas competitors. More money borrowed from and owed to foreigners since our domestic savings are tapped out.

Why do you think China maintains a cheap yuan policy?

If currency really matters that much, explain to me why we were at all time trade deficits at the same time the dollar was at it's lowest level against the euro? A lower valued dollar has done *nothing* to help our trade deficits, despite economists saying it should.