Whats a strong dollar and whats a weak dollar?
A currency is called strong, with respect to other currencies, when it takes less of the strong currency to buy or exchange with another currency. If it begins to take more and more of one currency to buy or get exchanged with other currencies, then the first currency is “falling” or getting weaker. And so it is with the dollar. I remember when it took only 85 cents to “buy” a euro. Then the dollar began falling and, pretty soon, there was parity, i.e., one dollar bought one euro. Last time I looked (this morning), it took almost $1.55 to buy one euro. It would be fine if that’s all there was to it, but there are some things which we have to import even though the price is going up. Petroleum is one of them. It takes even more dollars to do that when our currency is weak, and it begins to drive up the cost of everything that depends on petroleum, as explained earlier. Another advantage to a weak dollar is that jobs that were outsourced are now more expensive for us to pay for, so some
