Sliding greenback boosts economy

Journal Date: 20 May 2003 Title: glide posting ascensions prudence, S step forwardh China Morning pack Author: Kelvin Chan Summary: Not unless Asian countries cannot deduct their economies, but also in US, she is scummy from the stinting round off turning for a long time, after the worldwide economical deterioration. In recently, US dollars deepening slide against the euro and other main(prenominal) currencies. Thus, the overthrow level dollar exchange also occurs in Hong Kong, because of the link exchange rate with US dollars. However, according to rough economists and trade leaders said, this phenomenon would cause some positive results on Hong Kong. For instance, the lower costs and prices, and it will lead Hong Kong to be a more competitive city. Actually, many investors started to sell greenback since the US Treasury Secretary hinted that the US government was abandoning its strong-dollar constitution to boost economic growth. While US is facing the suffering of sparing; in contrast, people in Europe atomic issuance 18 enjoying the increase in purchasing power because of funds movements. In Europe, many businesses are using US dollars, as their currencies; therefore, the fall in greenback will cause an effect on increasing trades of these countries.

In addition, some professors point out that, although the slide of US dollars cause out a gain ground to Hong Kong, there besides has very little effect on it; it will only slightly pick up the export of Hong Kong, because most of Hong Kongs imports are from the same places its exports go to. Analysis: In the past, US mainly concerned on how to apply the policy in p! ut together to strong US dollars. And many investors uniform to hold greenback as their currencies, because of the stableness of US dollars. Indeed, the higher(prenominal) US dollar can make believe several(prenominal) advantages. One of the examples is that it... If you want to get a intact essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper