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I feel like this is missing his point, and he was actually asking if the change in currency value was mainly due to America getting stronger, or due to the othe
by tuesdayrain 8y ago
I feel like this is missing his point, and he was actually asking if the change in currency value was mainly due to America getting stronger, or due to the other countries getting weaker. So far this comment thread has been fairly US-centric, and I believe he was suggesting it's more that these other countries are just failing, rather than the US doing particularly well.
- nradov 8y agoCurrency values don't necessarily correspond to the strength or weakness of a country. Sometimes countries that are strong in terms of GDP, military power, or other metrics intentionally drive down their currency value in order to improve their balance of trade.