Strong Dollar Pressures U.S. Manufacturing Rebound

Strong Dollar Pressures U.s. Manufacturing Rebound - Medium

The strengthening U.S. dollar threatens to undermine a rebound in American manufacturing, handing foreign producers an advantage in selling into the U.S., executives and economists said.

The U.S. dollar’s surging value relative to the euro, the Japanese yen, the British pound and other currencies is making foreign-made goods cheaper to import, while exports of U.S.-made goods grow more expensive for foreign buyers. For U.S. manufacturers operating overseas factories, their sales in foreign currencies are worth less in dollars now because of the unfavorable exchange rates caused by the strengthening dollar.

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This article was written by and originally published on www.wsj.com