Weak Dollar Good....

Is the weak dollar good? For international business it's great. Take a look at some of the companies that have posted better than expected numbers this month. What's the one thing that ties them all together? They do a lot of business outside the country. The weak dollar is a huge benefit for them. This is the same reason that European and British businesses are complaining about the strength of their respective currencies. Strong currencies make their goods more expensive, weak currency makes US goods and business cheaper. As with everything in this world, its a catch twenty-two, what is good for some is bad for others.

The weak dollar is certainly tough for the American people as a weak greenback is a primary reason for the high price of oil which has made gasoline a bit more expensive than the Americans are used to paying. It's a tangled web we all weave now isn't it!