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Strong Dollar

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Strong dollar
When the dollar can be exchanged for a large amount of foreign currency, benefiting travelers but hurting exporters.
Strong Dollar
The U.S. dollar when it is worth more relative to other currencies. Because the dollar is a floating currency, its value varies according to market trends. When one dollar trades for more units of one or more other currencies, it is known as a strong dollar. When the dollar is strong, American travelers are able to go abroad while spending less of their money, but it makes American exports more expensive in other countries. A strong dollar can be disinflationary for currencies pegged to the dollar. See also: Weak dollar, Exchange rate.
strong dollar
A dollar that is valuable relative to foreign currencies. A strong dollar exchanges for more units of other currencies compared with the units for which it could be exchanged in the past. A strong dollar tends to hurt U.S. firms that rely heavily on foreign sales because the firms' products will cost more in terms of the foreign currencies. Compare weak dollar. See also exchange rate.
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Secretary Timothy Geithner's comment supporting a strong dollar and lukewarm Chinese economic data failed to give it a further boost.
Dollar briefly dips to lower 89 yen despite Geithner remark, China ... by Japan Weekly Monitor
Geithner and Japanese Finance Minister Hirohisa agreed on Tuesday night to support Washington's strong dollar policy, with Fujii stressing "a strong dollar policy is correct.
Geithner reiterates strong dollar "very important" by Kuwait News Agency (KUNA)
US Treasury Secretary Timothy Geithner said here Wednesday that a strong dollar was "very important" to the United States, seeking to reassure Asian nations concerned about the greenback's recent slump.
Strong dollar 'very important' for US: Geithner by AFP / AFP Asian Edition
 
 
 
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