Strong Dollar Policy


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Strong Dollar Policy

Any policy making the U.S. dollar worth more relative to other currencies. 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.
References in periodicals archive ?
Worries over borrowing in recent years have seen the dollar weakening, despite US Treasury highlighting that the country has a strong dollar policy.
Foreign investors will see 1) an additional unwanted tool of macro policy added to an already impressive array of non-orthodox policies; 2) another US policy debate that entirely centers on US domestic political convenience and ignores the interests of foreign investors; 3) confirmation that US policymakers favor policy options that will almost inevitably weaken the dollar, even while swearing up and down that they adhere to a strong dollar policy and are simply targeting domestic objectives.
support Washington's strong dollar policy, with Fujii stressing "a strong
The dollar rally against most other currencies was primarily attributed to comments from ECB President Trichet, who said that he supports a strong dollar policy, said Kathy Lien, director of currency research at Global Forex Trading.
Although Bernanke talks about having a strong dollar policy, every single action he has taken has been destroying the dollar underneath the surface.
The US believes in a strong dollar policy and believes that the strength of our economy will be reflected in the dollar," he said ahead of the Group of Eight (G8) nations summit in Toyko in northern Japan.
CAPE TOWN: US Treasury Secretary Henry Paulson said yesterday Washington was following a strong dollar policy and indicated he expected it to rebound, emphasising the US economy's long-term strength should help the currency.
Of course, this assumes that the next President wants a strong dollar policy.
The US administration says it "favors" a strong dollar policy, but business associates nevertheless believe they will reap a bonanza from the stimulus that a weak dollar will give US exports.
Concerns that President Bush's administration was abandoning a strong dollar policy contributed to the dollar's further 9% decline against the euro.
Bush explained during the meeting that the strong dollar policy remains unchanged, the official said.
The rise was fuelled by strong economic data from Germany, Europe's largest economy, and a softening of US Treasury Secretary John Snow's strong dollar policy.