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To: marcusmaximus

Because America is fighting inflation at home by raising interest rates the dollar is getting stronger against most world currencies. Since America and Europe have sanctioned Russia and forced the West’s businesses out of Russia the impact of the rising dollar in imports is more muted that it would otherwise be. Also this means that Russian exports are more profitable. Furthermore, it will spurred Russian domestic manufacturing because imports will be more expensive.

I am not saying that it is on balance good news for Russia but the rise of the dollar is going to hit American exports and manufacturing.


3 posted on 08/04/2023 6:27:45 AM PDT by wildcard_redneck (The Forever War is a crime against humanity)
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To: wildcard_redneck

Putin’s ruble is now worth a USA penny. LOL!


4 posted on 08/04/2023 6:34:02 AM PDT by marcusmaximus
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