69- Strong dollar is good for the US economy, right? Right?!

It’s usually a bad sign when currencies take over news. It was no different this July 13th when the news broke that one euro is worth exactly one dollar for the first time in twenty years.

The US dollar has been gaining strength against other currencies over the last six months due to various reasons, which we cover in detail in this episode.

But the question is: Who benefits from a strong dollar. A strong dollar is good for US companies, right?

Well… It is not that simple. Listen in to learn

• what are the most common factors why currencies fluctuate,

• who benefits from a strong US dollar,

• and which companies and individuals will be harmed by it?