Cryptocurrency Q&A
What is a stronger dollar?
What is a stronger dollar?
Bianca
Wed Nov 06 2024
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5 answers
1040
The user wants to understand the concept of a stronger dollar, possibly referring to the appreciation of the US dollar's value relative to other currencies, and its potential impact on the economy, trade, and personal finances.
5 answers
Martino
Fri Nov 08 2024
Conversely, for foreign consumers and businesses, U.S. products become less affordable.
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KimchiQueen
Fri Nov 08 2024
The value of the U.S. dollar plays a crucial role in international trade.
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SejongWisdomKeeper
Fri Nov 08 2024
They have to spend more of their local currency to buy the same amount of American goods.
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DondaejiDelightful
Fri Nov 08 2024
When the dollar strengthens, it gains purchasing power against other currencies.
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Nicola
Fri Nov 08 2024
This enables Americans to acquire foreign goods and services at a lower cost.
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