Strong dollar policy is United States economic policy based on the assumption that a "strong" exchange rate of the United States dollar (meaning it takes fewer dollars to purchase the same amount of another currency) is in the interests of the United States. In 1971, Treasury Secretary John Connally famously remarked how the US dollar was "our currency, but your problem,"[1] referring to how the US dollar was managed primarily for the US' interests despite it being the currency primarily used in global trade and global finance. A strong dollar is recognized to have many benefits but also potential downsides. Domestically in the US, the policy keeps inflation low, encourages foreign investment, and maintains the currency's role in the global financial system.[2][3] Globally, a strong dollar is thought to be harmful for the rest of the world.[4] In financial markets, the strength of the dollar is measured in the "DXY Index" (sometimes named the "USDX index"), an index which measures the exchange rate of the dollar relative to other major currencies.[5][6]
^Atkins, Rory (2023-09-06). "The dollar is our currency, but it's your problem". EIU Corporate Network. Retrieved 2024-04-02.
^Twaronite, Lisa (29 January 2008). "Strong dollar policy is useful fairy tale for U.S." Marketwatch. Retrieved 23 August 2011.
^"Strong Dollar: Advantages and Disadvantages". Investopedia. Retrieved 2024-04-02.
^"Global Repercussions of the Strong Dollar | Econofact". econofact.org. 2022-10-20. Retrieved 2024-04-02.
^"What Is the U.S. Dollar Index (USDX) and How to Trade It". Investopedia. Retrieved 2024-04-03.
^"DXY | U.S. Dollar Index (DXY) Overview | MarketWatch". MarketWatch. Retrieved 2024-04-03.
and 27 Related for: Strong dollar policy information
Strongdollarpolicy is United States economic policy based on the assumption that a "strong" exchange rate of the United States dollar (meaning it takes...
The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally...
and John R. Taylor Jr. concerning the motion "Does America Need A StrongDollarPolicy?". In 1971, he married Sabina Beekman. They have five daughters,...
has been credited with developing the strongdollarpolicy that has been a cornerstone of U.S. economic policy since his tenure at Treasury. He has been...
smuggling case Consol Government debt Interest Inverted yield curve Risk Strongdollarpolicy War bond War savings stamps "In America, the rich use a different...
Post-Soviet studies Russian money in London Separatism in Russia Strongdollarpolicy Superpower collapse Yemeni reunification Fall of Socialism in Ethiopia...
decline starting in 1983, the Federal Reserve was still committed to a strong-dollarpolicy through the mid-1980s. This prevented a recovery in manufacturing...
with some mini-mills requiring just 0.5 man hours. In addition, the strongdollarpolicy of the U.S. Federal Reserve and the development of new management...
The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard...
measured as the share of dollar credit in the total credit of the banking system. One of the main advantages of adopting a strong foreign currency as sole...
Dollar General Corporation is an American chain of discount stores headquartered in Goodlettsville, Tennessee. As of January 8, 2024, Dollar General operated...
Monetary Affairs, Beryl Sprinkel, opposed such plans, considering the strongdollar a vote of confidence in the US economy and supporting the concept of...
obligation to convert dollars into gold on demand. By 1968, the attempt to defend the dollar at a fixed peg of $35/ounce, the policy of the Eisenhower, Kennedy...
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated...
with one or more of following conditions: high liability dollarization financial fragility strong balance sheet effects When liabilities are denominated...
The Six Million Dollar Man is an American science fiction and action television series, running from 1973 to 1978, about a former astronaut, USAF Colonel...
The Eisenhower dollar is a one-dollar coin issued by the United States Mint from 1971 to 1978; it was the first coin of that denomination issued by the...
The Stronger Futures policy is a multifaceted social policy of the Australian government concerning the Aboriginal population of the Northern Territory...
1999–2007 Period. The Euro Vs. The Dollar As Leading Reserve Currency Y V Reddy: India's foreign exchange reserves – policy, status and issues – 10 May 2002...
falling to an average of almost ¥154 per dollar and ¥165 per euro in April 2024. The Bank of Japan maintains a policy of zero to near-zero interest rates and...
Spanish dollar stabilized through American mine output and Spanish fiat) and which can be considered as the precursor to modern-day monetary policy. It was...
introduce the sterling coinage failed to overcome the strong local adherence to the silver Spanish dollar system that had been in wide circulation across the...
tightening policy. The BOJ officially increased the discount rate on March 31, 1989. The table below demonstrates the monthly average of the U.S. dollar/Yen...
reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account. The U.S. dollar began to displace the pound sterling...
bill that extended penalties to both policy bookmakers and the players. This had a strong effect on Chicago's policy racket, leaving only two wheels operating...
can also have a strong or weak currency. There is no agreement in the economic literature on the optimal national exchange rate policy (unlike on the subject...
Geary–Khamis dollar (the GK dollar or international dollar). The World Bank's World Development Indicators 2005 estimated that in 2003, one Geary–Khamis dollar was...
Global Information