4 ms·
That is the point of cheapening the dollar, BTW. The local wages can stay 'high' dollar denominated, but the euro-denominated value of those wages drops. It was
by vessenes 7mo ago
That is the point of cheapening the dollar, BTW. The local wages can stay 'high' dollar denominated, but the euro-denominated value of those wages drops. It was for some time the strategy of the Chinese central bank; you can keep export good costs low by controlling your currency to weaker. The trick is to do that while everyone is paying you for your stuff.