Strong Dollar Affects International Business

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As highlighted by the financial press and a recent Wall Street Journal article by Andrew Tangel and Josh Zumbrun, the value of US currency has hit a 14-year high, making US exports more expensive and foreign earnings less valuable. The strength of the dollar is great for consumers buying foreign goods and reflects an optimism in the US economy. However, for manufacturers relying on sales in overseas markets this could be a problem. Furthermore, it may also affect incoming President Trump’s agenda to bring manufacturing jobs back into the US. Certain US companies have already cut back sales projections, …read more

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