Currency shift to weaker dollar helps prop overall US economy

August 14, 2017 – Today’s Wall Street Journal reports that the dollar has weakened 15% against the euro since the beginning of the year, and that against all major trading country currencies has dropped 8%.

Dollar

“While there are downsides to the weaker dollar, it has propelled US manufacturing and exports to new highs,” said Fred Baehner, IBNewsmag publisher. “The combination of growing exports, increased corporate profits and a surging stock market have created a flourishing economy overall.”

The Journal noted that the Dow Jones Industrial Average is up more than 10% so far this year, despite crises in various parts of the world and sporadic unrests here in the US.

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