dollars, meaning they are paying more in their local currency for every barrel or bushel they buy. Most commodities from oil to wheat are priced in U.S. rates have risen.Ĭountries like Turkey and Egypt that import a lot of their raw materials have been hit by a double whammy. Tapping the market for more credit has also become more expensive because U.S. The amount they owe has now surged in value when measured in their local currency. Governments and businesses in a lot of emerging economies finance themselves by issuing bonds in U.S. Procter & Gamble - maker of everyday products such as Pampers or Ariel - the dollar's rise has always tended to have a similar impact on its sales.įor Argentines, the rise of the dollar against the peso has meant a doubling of local prices in just one year and a spiralling economic crisis. companies such as Mattel Inc - maker of the Barbie doll and Hot Wheels cars - said it was seeing a hit from the dollar's move upwards, even if consumers as a whole looked ready to take on higher prices. brands, the strong dollar means they could end up paying a premium for them unless local distributors try to cushion the currency impact. MADE IN AMERICA - For shoppers around the world in search of top U.S. No more mental arithmetic is required to convert between dollars and euros - you can call it pretty much one for one now. This is a welcome added boon for Americans travelling to one of the 19 countries that use the euro and a small consolation for European tourists in the United States. It goes without saying that the reverse is true for the traveller going to the United States - unless they bought their Disneyland tickets or Las Vegas junket a good while ago, it is going to cost more. Hotels, meals or a designer bag all are cheaper by comparison, whether in London, the French Riviera or Cancun. A strong dollar is great if you are a U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |