There are advantages to a strong currency and advantages to a weak one.
The squealing about Trump saying the dollar is too strong is from offshore manufacturers wanting to continue having their cost advantage over domestically produced goods.
It’s certainly not from domestic companies wanting to increase exports.
billyboy15 value of the dollar... ...bring mfg back home to America.
Everyone says that lowering foreign exchange rates to make dollars cheaper will make it easier for the American public to sell all the American made goods, and they're wrong.
Yeah, I know it seems to make sense that when one foreigner wants to buy something made in US that if he gets more $$ for his funny money then he can buy more US goods that day. Sounds great for that one foreigner on that one day but we need to remember what were talking about is the American public and all goods. The minute the first foreigner buys goods he also buys American bonds, designs, and he puts the change in the bank. All that foreign money that got changed into dollars has to be used overseas and the only way that can be done is by buying foreign stuff.
In real life, exchange rates do not affect trade for the nation --no matter how well off that first foreigner on the first day cleans up. Hey guys, if it would make any difference we can actually look at the hard numbers on record for trade v. exchange rates and y'all can see for yourselves that the dollar's strength has no affect whatsoever on trade.
Let me know if hard numbers would make any difference to your views.