Export opportunity – dollar down nearly 8 percent this year vs 5 major currencies

July 21, 2017 – IBNewsmag is reporting that the dollar has hit new lows against five major currencies year to date based on foreign exchange rates posted in today’s Wall Street Journal. The euro is down nearly 10 percent, the Mexican peso down nearly 16 percent, the pound down more than 5 percent, the Canadian looney down nearly 6 percent and the Chinese yuan down 2.5 percent.

“With the dollar off so much against major currencies, now is a great time for small to medium-sized manufacturers to sell goods in these major international markets,” said Frederick Baehner, IBNewsmag publisher.

Along with this trend, the US stands to obtain a greater flux of foreign visitors who when spending money here, adds to the export totals.

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