[MichaelCorleone]

“The rising dollar could punish this City.”

Why would that be?

[9thLife]

Because it's been bought lock-stock-and-barrel by europeans, chinese and russians over the last decade-plus. Because tourism is a huge source of revenue. There's no industry here.

And, finally, because, if the nominal premise of the article is correct -- that NYC is as much foreign as domestic -- well, that only works while on euro buys a dollar and half or so.