Explain the positive as well as the negative impact of an increase in the value of the dollar on the U.S. econ

Answer 1

Positive - good for local consumers purchasing foreign goods - your dollar is worth more and can buy more foreign products, travel abroad is also cheaper

Negative - bad for local producers. their American produced goods are now less affordable to foreigners and/or have to compete with those cheaper imports. This could lead to lost jobs.

If you saved a lot of US savings or stock they are worth more, if you have a lot of foreign investments they are worth less.

Truth is the change either way is good for someone, and a strong dollar is good for us the consumers. But the media usually puts a negative spin on any change up or down, and big business is more likely to complain if they are the ones negatively effected.