Dollar
in sentence
3262 examples of Dollar in a sentence
The Copenhagen Consensus think tank estimates that every
dollar
invested in ending malaria yields $36 in economic returns.
In December, the International Monetary Fund will consider adding renminbi to the basket of currencies that comprise the Fund’s unit of account, known as Special Drawing Rights, alongside the US dollar, the euro, the British pound, and the Japanese yen.
The euro was introduced and quickly became the world’s second currency, behind the
dollar.
When the Canadian
dollar
sharply appreciated, the Bank of Canada did more than talk – it cut interest rates.
In fact, Sanusi’s suspension spurred a financial-market panic, with the naira plummeting to a record low against the dollar, as foreign investors sold off bonds and equities.
Responding to the pound’s significant depreciation against the US
dollar
and other currencies following the United Kingdom’s vote in June to leave the European Union, the BoE indicated the move was a pre-emptive effort to mitigate the recessionary pull of Brexit.
In a similar vein, the Reserve Bank of New Zealand cut its policy rate 25 basis points, to 2%, to counter deflationary forces and restrain the appreciation of the New Zealand
dollar.
Although the links between economic fundamentals and currency movements are elusive, it seems plausible to expect that a more hawkish path for the Fed would mean living with a stronger US
dollar.
With so much depreciation worldwide, why would the US want the dubious honor of a strong
dollar?
With global growth weakening, net exports are unlikely to improve robustly, even with a weaker
dollar.
First, a weaker
dollar
is associated with a higher
dollar
price for commodities, which implies a drag on the trade balance, because the US is a net commodity-importing country.
Empirical studies estimate that the overall impact of a weaker US
dollar
on the trade balance is close to zero.
Until recently, the OBR, broadly in line with the IMF, assumed a fiscal multiplier of 0.6: for every
dollar
cut from government spending, the economy would shrink by only 60 cents.
The benefits derived from the
dollar
being the world’s main reserve currency constitute the “exorbitant privilege” about which France’s then-finance minister, Valéry Giscard d’Estaing, complained in the 1960s.
But all that could change if Trump has his way and begins to treat
dollar
holders as chumps and suckers.
Who would consider the
dollar
a safe haven if a partial default seems imminent?
These include affordable-housing crises; tight public budgets that make it necessary to squeeze more out of every
dollar
in infrastructure projects; and lower oil prices putting pressure on capital costs in the hydrocarbons sector.
Something may well happen in the next several years to radically boost America’s savings rate by making US households feel suddenly poor: tax increases, a real estate crash, rapidly-rising import prices caused by a plummeting dollar, a deep recession, or more than one of the above.
The Currency QuandaryTwo views about today's prevailing exchange rates exist: the
dollar
is overvalued
dollar
and the yen needs a deep depreciation.
Now that America's recovery is underway - and it arises from a slump not a recession - the current account deficit will widen even further and in no time discussions about the unsustainable high-flying
dollar
will become fashionable again.
Yet, the very fact of a US upswing that is bigger, comes sooner, and is better than anywhere else - Europe remains plagued by growth cramps and Japan's economic policy kabuki is going nowhere - will support and even strengthen the
dollar.
No
dollar
collapse looms.
But the
dollar
is not the only issue atop currency market debates.
Suppose we put the two propositions together: the yen depreciates 30% against the
dollar
while the
dollar
in turn depreciates 30% against the euro.
A huge yen depreciation and sizeable decline in the
dollar
would hit European competitiveness and growth hard.
The message here is clear: Europe must hope that the
dollar
stays strong because, without domestic dynamism, the cheap euro is Europe's only growth ticket.
The euro will stay at around 90% of the
dollar
and may not even pay a weekend visit at parity.
Of course the
dollar
would fall in no time, and substantially so - enough to shrink the deficits or bring in capital to take advantage of a now undervalued
dollar.
But with an unemployment rate of just 4.1% and a weakening dollar, investors’ expected rate of inflation is increasing.
The renminbi has, in fact, appreciated by 30% relative to the US
dollar
since mid-2005.
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