Dollar
in sentence
3262 examples of Dollar in a sentence
Floating the exchange rate has not altogether eliminated the parallel-market premium in countries such as Nigeria, as de facto
dollar
rationing is still pervasive.
Of far greater urgency is that
dollar
shortages have become food shortages in countries such as Egypt and Venezuela, as well as much of Sub-Saharan Africa, which rely heavily on food imports.
The Marshall Plan, through its generous provision of grants, was designed to relieve the
dollar
shortage in post-war Europe.
But claims by Bush that America cannot afford to do anything about global warming ring hollow: other advanced industrial countries with comparable standards of living emit only a fraction of what the US emits per
dollar
of GDP.
In the 1970s, America’s financial assault on Germany, France, and Britain (for example, by floating the dollar) was met by a united European establishment.
America’s reluctance to target areas of weakness or fragility leaves the impression externally that QE2’s real goal is to weaken the
dollar.
That structural shift, in combination with the renminbi’s strengthening effective real exchange rate relative to the dollar, owing to inflation and rapidly rising wages in export sectors, offers hope that China’s surplus will fall.
With periodic bouts of contagion in the eurozone and residual uncertainty about America’s commitment to a strong
dollar
and fiscal discipline, major reserve holders in Asia and the Gulf need to become a stabilizing counterweight.
China’s Exchange-Rate PuzzleChina’s abrupt decision to raise the value of the renminbi (yuan) by 2.1% and to end its peg to the
dollar
comes after months of pressure from the US.
For example, Japanese economists argue that the Plaza Agreement, which called for “orderly appreciation” of non-dollar currencies against the dollar, was a natural outgrowth of high national income.
However,
dollar
supremacy means that the US can sustain a much wider balance-of-payments deficit than other countries.
Studies like one by the World Health Organization's Commission on Macroeconomics and Health show that with an $11 trillion
dollar
annual national income, America could finance the control of AIDS, malaria, tuberculosis, and many other killer diseases for a small fraction of the money it wastes in Iraq.
Only massive buying of treasury bills by Asian central banks has prevented the
dollar
from falling even more precipitously than it has;The rest of the world is catching up.
Will the
Dollar
Be Trumped?
At first blush, it might seem that markets are registering a massive vote of confidence in the president-elect, believing that his policies will be good for the US economy and, by extension, for the
dollar.
For starters, the
dollar
has shot up since the election only because Trump has promised to enact deep tax cuts and ramp up spending on decaying infrastructure and America’s supposedly “depleted” military.
In a world hungry for attractive investment returns, a prospective Trump boom has drawn funds to Wall Street, in turn increasing demand for the
dollar.
America’s
dollar
liabilities could reach a tipping point at any time, if skittish investors, seeking an alternative store of value, precipitate an irreversible downward spiral.
But none of this means that a doomsday scenario – an immediate run on the dollar, or foreign creditors abruptly stampeding to the exits – is likely.
The
dollar
has survived previous administrations’ egregious policy errors, and has defied repeated predictions of its demise.
We can rule out a swift, large-scale flight from the dollar, owing to its unique, long-standing status as an international store of value.
No other currency can yet challenge the
dollar
as an investment medium or reserve asset, nor can other countries match America’s extraordinarily efficient financial markets, which provide unparalleled liquidity.
On the other hand, the
dollar
could succumb to a long, slow bleeding out, as America’s financial rivals try to make their own currencies more attractive and accessible.
China, for its part, has made no secret of its intention to establish the renminbi as a credible alternative to the
dollar.
Over time, Trump’s presidency will not benefit the dollar, because it won’t benefit the US economy.
He had argued that prevailing economic conditions implied that wider budget deficits would result in higher interest rates and a stronger dollar, making it harder for US manufacturers to compete with imports.
Congress has authorized the President to impose import duties on Chinese products if China remains unwilling to increase the value of its currency substantially against the
dollar.
Indeed, the Fed decided to delay raising interest rates partly because US policymakers expect
dollar
appreciation, by lowering import prices, to undermine their ability to meet their 2% inflation target.
In reality, while currency movements can have a significant impact on inflation in other countries,
dollar
movements have rarely had a meaningful or durable impact on prices in the US.
Just as the
dollar
is often the unit of account in debt contracts, even when neither the borrower nor the lender is a US entity, the dollar’s share in invoicing for international trade is around 4.5 times America’s share of world imports, and three times its share of world exports.
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