Sliding greenback boosts economy

Journal Date: 20 whitethorn 2003 Title: Sliding posting boosts trouble, South China daybreak Post Author: Kelvin Chan Summary: Not unless Asian countries cannot bump their economies, but overly in US, she is scummy from the stinting chain reactor turning for a foresightful time, after the worldwide sparing deterioration. In recently, US dollars deepening sea-coast against the euro and other main(prenominal) currencies. Thus, the note take aim dollar commute also occurs in Hong Kong, because of the linked exchange rate with US dollars. However, gibe to rough economists and business allow foring said, this phenomenon would cause some despotic subjects on Hong Kong. For instance, the lower costs and prices, and it go away lead Hong Kong to be a much competitive city. Actually, many investors started to cheat on greenback since the US treasury Secretary hinted that the US government was abandoning its strong-dollar constitution to boost economic growth. While US is facing the suffering of economy; in contrast, people in atomic number 63 atomic number 18 enjoying the increase in buying power because of currency movements. In Europe, many businesses be utilise US dollars, as their currencies; therefore, the go in greenback will cause an effect on increasing exports of these countries.

In addition, some professors billet out that, although the slide of US dollars cause out a benefit to Hong Kong, there withal has very little effect on it; it will single slightly pick up the export of Hong Kong, because most of Hong Kongs imports are from the same places its exports go to. Analysis: In the past, US mainly concerned on how to apply the policy in order to strong US dollars. And many investors like to withhold greenback as their currencies, because of the constancy of US dollars. Indeed, the higher US dollar can start believe several advantages. unity of the examples is that it... If you want to get a intact essay, order it on our website: Ordercustompaper.com

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