This will make life difficult for export champions like Japan and Switzerland with their traditionally strong currencies
. It will be good for gold though -- another safe heaven.
This way, goods from these countries with strong currencies
would be priced more expensively both in their own consumer markets and in Nigeria; while at the same time, Nigerian made goods get priced cheaper around the world.
UN cautioned this atmosphere of strong currencies
prevailing in Asia won't last long, as developed economies are normalizing their fiscal/monetary policies by raising interest rates from historical lows and ending their quantitative easing measures.
Andrew Nocella, US Airways senior vice president for marketing and planning, said, 'As we bring two strong currencies
together, we'll have one, stronger currency.
The result is a booming stock market in the US and elsewhere and artificially strong currencies
in many developing nations.
"The most expensive office occupier markets also have a diversified economic base; limited, available institutional quality space; strong currencies
and are increasingly located in urban centers."
* I FIND it hard to believe that such a shambolic currency as the euro should have such an influence on the strong currencies
of the US, India and China.
However the higher oil price has softened this effect by generating more dollars, offsetting the weakening dollar, and due to this, people visiting from the Euro zone or other areas with strong currencies
find that their money goes further, thus making the UAE an even more attractive destination.
Likewise, purchasers with strong currencies
relative to the U.S.
By contrast, Switzerland and some East European nations will be able to sustain the pressures due to strong currencies
which alleviate the effects of dollar-denominated oil prices rises.
With many European trading lines in the mix, the government takes in strong currencies
like the euro and the British pound.