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Dollar's Slide Softens Economy's

Increased exports offset housing market collapse

By Colleen Barry, Newser Staff

Posted Oct 1, 2007 1:44 PM CDT

(Newser) – Even as the weakening US dollar has Americans dropping European vacation plans, some economists are finding a silver lining: A sudden upswing in exports that could help offset the tanking housing market. And while that jump was predictable, writes the Wall Street Journal, a limp greenback also works to slow one vital export: that of American jobs and factories.

Tourism is an industry keenly affected, akin to a boon in foreign tourists for Disney World, while Euro Disney slows to a crawl. And tourists in the US are opening their wallets: New York's Tiffany and Co. said spendthrift foreigners factored in a recent 31% jump in sales. But slow and steady, say economists, warning that a plunging dollar could tank the economy.

Cargo containers are loaded for transport. American exporters are profiting from the dollar's weakness. (Getty Images)

American and foreign currency (Getty Images (by Event))

Euro symbol (Getty Images)

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Dollar's Slide Softens Economy's

Increased exports offset housing market collapse

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Oil States Plot to Ditch Dollar

Gulf Arabs in talks to replace greenback with mix of currencies

Dollar's Long Rally Likely to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

Credit Squeeze's One Winner: The Dollar

Worldwide scramble for greenbacks reverses currency's slide

Pound Soars Against Dollar

Sterling passes $2.02, raising hopes and filling coffers

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

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Increased exports offset housing market collapse

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OTHER STORIES ON OUR RADAR

tourism • currency • money • exports • euro • US dollar • US currency

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Oil States Plot to Ditch Dollar

Gulf Arabs in talks to replace greenback with mix of currencies

Dollar's Long Rally Likely to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

Credit Squeeze's One Winner: The Dollar

Worldwide scramble for greenbacks reverses currency's slide

Pound Soars Against Dollar

Sterling passes $2.02, raising hopes and filling coffers

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

About Us

Site

Newser By Users

Community

Site Maps

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More News

What is Newser?