Cryptocurrency Q&A
Who benefits from a stronger dollar?
Who benefits from a stronger dollar?
BitcoinBaroness
Sat Nov 09 2024
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7 answers
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I'm wondering who actually benefits when the US dollar becomes stronger. Is it consumers, businesses, or maybe other countries? I'd like to understand the impact of a stronger dollar on various stakeholders.
7 answers
amelia_harrison_architect
Mon Nov 11 2024
One notable effect is that U.S. consumers tend to enjoy cheaper imports.
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DigitalLegend
Mon Nov 11 2024
This is because a stronger dollar allows them to purchase foreign goods at a reduced cost.
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RubyGlider
Mon Nov 11 2024
Additionally, foreign travel becomes more affordable for Americans.
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TaekwondoMasterStrengthHonorGlory
Mon Nov 11 2024
With a stronger currency, they can convert their dollars into more foreign currency.
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JejuSunshineSoul
Mon Nov 11 2024
The appreciation of the dollar has various ramifications for the U.S. economy.
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