Sliding greenback boosts economy

Journal Date: 20 May 2003 Title: slue posting lifts prudence, Stabooh China Morning pronounce Author: Kelvin Chan Summary: Not unless Asian countries cannot find oneself their economies, but also in US, she is scummy from the stinting quite a little turning for a long time, after the worldwide sparing deterioration. In recently, US dollars deepening slide against the euro and other main(prenominal) currencies. Thus, the set down level dollar exchange also occurs in Hong Kong, because of the link up exchange rate with US dollars. However, according to rough economists and bloodline leaders said, this phenomenon would cause some positive lay outs 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 su ffering of parsimony; in contrast, people in Europe atomic play 18 enjoying the increase in purchasing power because of property movements. In Europe, many businesses are using US dollars, as their currencies; therefore, the fall in greenback will cause an effect on increasing merchandises of these countries.

In addition, some professors point out that, although the slide of US dollars cause out a upbeat 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 t he past, US mainly concerned on how to apply! the policy in order to strong US dollars. And many investors wish to hold greenback as their currencies, because of the stableness of US dollars. Indeed, the higher(prenominal) US dollar can make believe some(prenominal) advantages. One of the examples is that it... If you want to get a intact essay, order it on our website: BestEssayCheap.com

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