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 ?
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.
A softer tone in the dollar, which has corrected a chunk of the gains seen yesterday after Trump said that he "ultimately" favoured a strong dollar, has helped maintain an underpinning in crude prices after a low was seen at $64.
Raw sugar futures fell to the lowest level in almost seven weeks on Wednesday while arabica coffee dipped to a three-week low as a strong dollar contributed to weakness in both markets.
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.
But a strong dollar is working against him -- it makes US exports less price-competitive globally, and foreign goods cheaper in the US.
Global markets are expected to respond sensitively to the Fed's rate hikes next year, which may happen faster than expected, and a strong dollar will likely continue until the first quarter of next year," said Lawrence Kim, analyst at NH Investment and Securities.
Factories now have expanded seven of the last eight months, suggesting that they have overcome the weight of a strong dollar that makes their products costlier in foreign markets.
Sales dropped at Coca-Cola on weak demand for its soft drinks in Europe, and a strong dollar that hurt revenue in other global markets.
Summary: Despite oil price reprieve the strong dollar is hurting the airline in international markets
The strong dollar might cause pain to Cambodia's economy by reducing margins and purchasing power for both importers and exporters.
In some aspects of your own life, you may also find the strong dollar to be beneficial.
The strong dollar also likely held back machinery sales, because it makes goods more expensive overseas.