Weak Dollar Has Small Businesses Thinking Globally
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A variety of small businesses in the U.S. are starting to take advantage of the mismatch between a weak dollar and the purchasing power of customers using strong currencies.
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The dollar&#39;s fall against the currencies of US trading partners sparked uncharacteristically testy comments from those partners.
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Investors were concerned that a slowing U.S. economy could spell trouble for Asiaâs export-dependent economies.
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Foreign buyers are capitalizing on the weak dollar to snap up US companies at bargain-basement prices, boosting investment in high-tech regions like New England but also fueling concerns about jobs and technology flowing out of the country.
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Taking into account the decline of the U.S. dollar, the market for global IT services grew 2.2 percent last year, but even that modest increase is a positive sign, according to analyst firm Gartner.
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With the U.S. currency falling, more investors are thinking about the foreign exchange market. But experts advise caution
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Asia has seen its key markets slide in response to the likelihood of a relentlessly weakening dollar.
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As the weak dollar makes shopping sprees in America a bargain for international visitors, individual cities and states are stepping up their global promotional efforts.
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Currency's slide is being felt in ways as small as the rising price an American tourist pays for a meal in Rome, and as large as the decisions by foreign companies to build factories in the U.S.
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The role of the dollar in international trade and finance â the real sign that New York is the worldâs financial capital â is still taken for granted.
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The sharp decline of the U.S. dollar since 2000 is affecting a broad swath of the world's population, with its drop on global markets being blamed at least in part for misfortunes as diverse as labor strikes in the Middle East, lost jobs in Europe and the end of an era of globe-trotting rich...
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The dollar continued its decline in global currency markets Thursday, intensifying worries among some economists that mounting U.S. budget and trade deficits could send the U.S. currency into a tailspin.
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The dollar weakened against major  currencies after Federal Reserve Chairman Alan Greenspan on  Wednesday painted a softer picture for the world's largest  economy than many had anticipated, citing a rising budget  deficit and low inflation.
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Financial markets and economic policymakers around the globe all were focused last week on the shrinking value of the dollar. The greenback fell to its lowest level in years against both the yen and the euro
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Europe fears its exports will be choked off by the dollar's decline, while American manufacturers are rejoicing.
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Business & money: Fears grow of market turbulence stunting global growth.
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The dollar idled near seven-month lows  against the yen on Wednesday as traders considered what  officials from the Group of 20 countries might say about recent  weakness in the U.S. currency at an upcoming meeting.