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Flash Points
Strong dollar: What's good - A strong dollar is the equivalent of a vote of confidence by the FX market in the economic and political future of the U.S. For Americans, foreign imports are relatively inexpensive, interest rates remain low or moderate if inflation is controlled, and the standard of living is relatively high.
Strong dollar: What's bad - A strong dollar makes American-made goods relatively expensive for foreigners. Consumers at home and abroad buy less costly goods from countries other than the U.S. Sales of U.S. companies erode, prompting them to lay off American workers and outsource jobs to countries with cheaper labor.
Weak dollar: What's good - A weak dollar makes American-made goods and travel to the U.S. less expensive for foreigners, boosting the sales of U.S. manufacturers and prompting them to increase production and hire workers. The growth of U.S. exports helps trim the trade deficit. A weak dollar also attracts increased foreign investment in U.S. real estate and capital markets.
Weak dollar: What's bad - A weak dollar makes foreign imports and overseas travel more expensive for Americans; the U.S. standard of living falls because the dollar buys less. If traders believe the dollar will continue to weaken, they may invest in stronger currencies of other countries.
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