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Weak Dollar Doing Old Tricks

Weak dollar… The conditions of the U.S. economy is eroding the value of the dollar, the key global reserve currency that is three times as big as the next big currency — the euro. The state of the greenback is boosting oil prices as well as the gold. When dealing with the foreign exchange market, [...]

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2009 10 23 H Park 1.8. Readings, Oct. 30 Comments (0)

Weak Dollar… Not Always Bad

Weak dollar seems to be the talk of the town nowadays. It’s losing steam on low interest rates, sluggish US economy, dollar carry trade, etc. But as in the concept of yin and yang, a weak dollar can be both good and bad for the US. It makes US products cheaper overseas, thus boosting exports. [...]

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2009 09 24 H Park 1.4. Readings, Sept. 25 Comments (0)