Subject: Re: Falling USD - pros and cons
For those of us, that is to say - me, who are less savvy about currency exchange rates this might be worth reading.
https://www.investopedia.com/d...
When the dollar weakens, you feel the effects in just about every part of your financial life:
Higher prices for imports: The Trump tariffs have already increased the cost of electronics, clothing, cars, and appliances. A weaker dollar means the vast majority of imported goods would become even more expensive.
Increased fuel costs: Global oil markets price crude in dollars. When the greenback weakens, oil becomes cheaper for other countries, which can boost global demand and push prices higher at American pumps.
Higher interest rates: Mortgages, auto loans, and credit cards would become more expensive if foreign investors demand higher yields on U.S. Treasury bonds, which happens when the dollar grows weaker.
Squeezed retirement savings: Retirees face a double hit: inflation erodes purchasing power, while the value of their bond-heavy portfolios may decline.
Pricier travel abroad: Your dollars buy less in Europe, Asia, or anywhere else. Foreign vacations, international education, and overseas purchases all become more expensive.