On Friday, the dollar fell against most major currencies. However, while “falling” sounds bad and “rising” sounds good, it is not necessarily so — at least if you’re talking about currencies and if you happen to be a manufacturer. When the dollar falls, it makes US goods cheaper abroad. That’s good news for US manufacturers who are exporters, and there are plenty of them — large and small — in our membership. The dollar is one reason why (as our own Dave Huether noted here just a week ago), that exports surged by $2 billion in May.
So when you hear news of the “fall”, don’t despair. It may actually be good news after all.
Latest posts by NAM (see all)
- Manufacturers Win Several Website Design Awards - June 15, 2011
- China Makes Commitments on Trade, Intellectual Property - December 16, 2010
- ITC Details Widespread Theft of Intellectual Property in China - December 14, 2010