Sunday, October 18, 2009
Dollar’s Decline Brings Troubles but an Upside for Exports
In recent years, the dollar has lost the status of the world's premier reserve currency gradually. Most of people will think that the weakness of dollar is a bad phenomenon. However, for corporations which export products to other countries is a good news. In the past several years, the strength of dollar made those corporations suffer for a long time. Now, because of the dollar's rapid fall, their products become more competitive overseas. On the other hand, for some people who likes to buy imported goods or to travel to other countries, they have to change their habbits. In addition, some experts think that the government has to find a good way to improve the weakness of dollar. If the dollar still fall, the dollar will be no longer the currency of favor and the USA will lose the position of world's leader. In my opinion, the rise and fall of the dollar is just a trend. It is just like a stock market. It is impossibe to rise or fall forever. People do not need to worry about it too much.
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