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 ?
And the strong dollar is not only making international travel affordable to Canada, Norway and Cuba but also domestic destinations as Britons and Canadians pull back on visiting cities like New York.
The strong dollar also likely held back machinery sales, because it makes goods more expensive overseas.
Because they're purchased in local currencies, the strong dollar is depressing the sales' value.
A strong dollar is good for America, it reflects a strong U.
In addition a strong dollar keeps imported inflation low, benefiting domestic customers.
Global Banking News-March 2, 2015--UAE said to be benefiting from strong dollar
Summary: Sydney: Australia's strong dollar has done little to dampen its popularity with Chinese and Indian .
Dealers said strong dollar demand from importers, mainly oil refiners, on expectation of further strengthening of the dollar, caused the rupee's fall.
The rupee failed to demonstrate firmness against strong dollar demand by importers, which pushed the rupee down on the currency market," said a dealer.
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.
Answering audience questions before the Commonwealth Club of California in Palo Alto, he said the United States needed to "work hard to preserve confidence in the strong dollar.
dollar traded at the lower 89 yen level Wednesday morning in Tokyo after rising overnight on European Central Bank President Jean-Claude Trichet expressing support for a strong dollar.