The dollar is falling behind many other currencies around the world. The falling dollar is damaging America. Reasons that the lowered currency is hurting America is that consumers can’t spend as much. It changes that America’s currency was the world’s reserve currency but as it gets lower and lower, it will be changed to another currency that is much balanced and stronger. The weaken dollar lowers the number of imports because the cost would be higher to import. Investors like the weaken dollar because they would get profit from getting foreign currency and get extra money due to the exchange rate of the dollar and other currencies. The falling dollar is a major loss to consumers because their standard of living will change because they buy foreign goods but with the prices getting higher, they would have to cut back on that.
The weaken dollar causes the price of the things we buy everyday much more higher. So this forces employers to give pay rises. The falling dollar changes the economy and businesses, because some businesses used foreign goods for their business but they would have to find another material or cut back because of the prices for imports. So business would not produced as much as they used to because of lack of materials need to produce. The economy would go down due to people not spending as much due to the prices of goods that have gone higher.
Source:
http://seekingalpha.com/article/69729-weak-dollar-is-bad-for-america-and-etfs
http://www.asiasentinel.com/index.php?option=com_content&task=view&id=771&Itemid=32
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1 comment:
I think you should show how the dollar actually is matching up to other forms of currency. At the same time it would be better if less repetitive language was used.
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