Dollar
in sentence
3262 examples of Dollar in a sentence
France responded with calls for monetary reform that would end the peculiar role of the
dollar
and tried to revive the largely discredited gold standard.
Europeans began a long discussion of the advantages of monetary union, achievement of which would allow them to look the
dollar
in the face.
But from the American point of view, the international role of the
dollar
was a trap.
The US government was powerless in the face of an undervalued yen, fueling the belief that the rest of the world was using the
dollar
to attack America's manufacturing base.
The world no longer has a fixed exchange-rate regime, but the
dollar
remains the major reserve currency--a sort of floating Bretton Woods.
For Americans the reserve role of the
dollar
is a potential threat, while for non-Americans it is yet another instance of an American neo-imperial quest for hegemony.
Most Americans do not suffer greatly from the
dollar'
s sharp fall, as foreign sellers have to make price adjustments for the US market.
The economically dynamic regions of the world--North America and Asia--are thus linked together in a pact that will ensure the continued centrality of the American
dollar.
In the meantime, the rise of the euro against the
dollar
creates substantial European pain for manufacturing exporters.
There will be appeals to the European Central Bank to expand the monetary base, as if imitating the
dollar
were the answer to all the industrial, structural, and demographic problems plaguing Europe.
So
dollar
envy is here to stay, and it will become even greater as the greenback's international value melts away without any obviously bad effects on the people who print and use it.
His orders would rescind the Clean Power Plan regulations of the US Environmental Protection Agency; roll back standards to control methane releases from oil and gas production and distribution; and end the regulatory use of a “social cost of carbon,” introduced by the EPA to calibrate the
dollar
value of climate damage caused by the emission of an additional ton of carbon dioxide.
America’s inflation would be contained but for the fact that so many countries, from the Middle East to Asia, effectively tie their currencies to the
dollar.
Others, such as Russia and Argentina, do not literally peg to the
dollar
but nevertheless try to smooth movements.
In a highly innovative move, Argentina exchanged old debt for new debt – at about 30 cents on the
dollar
or a little more – plus a GDP-indexed bond.
They bought the old bonds at a fraction of their face value, and then used litigation to try to force Argentina to pay 100 cents on the
dollar.
In April 1991 Economy Minister Domingo Cavallo linked the Argentine Peso to America’s
dollar
at a rate of one to one, kicking off an era of radical reform.
Argentina’s Peso, because it is pegged to the US dollar, provides little flexibility.
Australia’s
dollar
depreciated from 78 US cents per Australian
dollar
in May 1997 to just 53 US cents per Australian
dollar
in May 2001.
This helped undermine the role of the British pound internationally and catapulted the US
dollar
to the fore – particularly after the Bretton Woods conference in 1944, at which it was agreed that countries would hold their reserves in dollars as well as gold.
This simply reflects the reality of monetary-policy interdependence: if the US Federal Reserve’s policy of so-called quantitative easing weakens the dollar, others have to respond to prevent undue appreciation of their currencies.
Against this background, the return of US investors to provide short-term
dollar
funding for European bank debt smacks of a desperate hunt for yield that relies on European Central Bank President Mario Draghi’s promise to do “whatever it takes” to save the euro.
Higher interest rates will undercut construction jobs and increase the value of the dollar, leading to larger trade deficits and fewer manufacturing jobs – just the opposite of what Trump promised.
In the US, the inflation rate has also been depressed by the rise in the value of the
dollar
relative to the euro and other currencies, which has caused import prices to decline.
This, too, is a “level effect," implying that the inflation rate will rise once the
dollar'
s exchange rate stops appreciating.
None is perfectly flexible, to be sure, but the region’s governments have at least abandoned the rigid
dollar
pegs that were the source of such vulnerability in 1997.
The US
dollar
could strengthen much further, especially against emerging-market currencies, despite Trump’s stated desire to boost US exports.
The catalyst for exchange-rate appreciation would be not only higher US interest rates, but also a
dollar
squeeze in emerging markets, where foreign debts have increased by $3 trillion since 2010.
A confluence of
dollar
strength and excessive foreign borrowing caused the debt crises in Latin America and Asia in the 1980s and 1990s.
This time, Trump’s protectionism could make matters even worse, especially for countries such as Mexico and Turkey, which have based their development strategies on rapidly expanding exports and have financed domestic business activity with
dollar
debts.
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