strong dollar

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.
References in periodicals archive ?
The strength of the dollar has advantages (namely cheaper imports) but there have been many critical of the strong dollar, including President Donald Trump.
Jim Cramer said on CNBC's "Mad Money Lightning Round" the strong dollar is hurting Tiffany & Co.
Treasury Secretary Steven Mnuchin on Wednesday affirmed his support for a strong dollar. "I do believe in a strong dollar, which signifies a strong U.S.
The strong dollar has made travel more expensive, just as political tensions have grown.
However, while bullion has risen about 13 percent from 1-1/2-year lows touched in August, mostly because of volatile stock markets and a dovish US Federal Reserve, a strong dollar has driven gold down about 0.3 percent so far this week.
WASHINGTON, Dec 17 (KUNA) -- Despite China's slowed economy and the protests in Paris, US President Donald Trump lauded the "very strong dollar" and urged the Federal Reserve not to raise interest rate.
Sterling was given a boost immediately after the news broke, though its gains were later pared back by a strong dollar.
As other countries drive their currencies down, the strong dollar crimps US exports and hurts American multinational companies' earnings.
United Nations, Muharram 4, 1440, September 14, 2018, SPA-- US import prices fell by the most in more than 18 months in August, amid declines in the cost of fuels and a range of other goods, the government reported Friday, suggesting a strong dollar was limiting imported inflationary pressures.
"I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%," Trump tweeted.
Washington/Davos - President Donald Trump waded into the uproar over the US currency Thursday, saying he wants to see ''a strong dollar,'' countering comments by his treasury secretary that appeared to signal the opposite and sent the greenback plunging to three-year lows.
He was speaking on the sidelines of a session that discussed Western political developments and the strong dollar era, at the second Middle East Asset Management Forum.