[ELI5] What does it really mean to have a “strong dollar”?

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How does it help? Or does it not? Who does it hurt? How does all of this work?

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Anonymous 0 Comments

It simply means 1 USD is worth more foreign currency than has been normal in the recent past. It helps people who are importing goods and hurts people who are exporting them. It can also really hurt poorer countries that issue dollar denominated debt.

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