what does a strong weak dollar mean? how can I see if its strong or weak?
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There is an index called the U.S. Dollar Currency Index. The ticker symbol is DXY. If the index is over 100 the dollar is getting stronger, if it’s under 100 the dollar is getting weaker.
A strong dollar is good for American consumers because it makes it cheaper to travel abroad and to buy imported goods. But it is bad for businesses that export because their products are more expensive in foreign markets.
A weak dollar is bad for American consumers because it makes the foreign products we buy more expensive and makes traveling in foreign countries more expensive. But it is good for exporters because their products cost less in foreign markets.
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