Monday, November 19, 2007

Small effect of declining dollar on US prices

We scooped the Wall St Journal with yesterday's blog post (Will declining dollar result in higher import prices?). From today's Journal:
Foreign exporters are so keen to keep U.S. market share that when the dollar weakens, they often lower their prices to keep them constant after the currency effect. That's especially true when the economy is slowing and consumers are less willing to pay higher prices.

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