1)Is a strong U.S. dollar always good for the U.S. and global economies?

Answer 1

No - a strong dollar hurts exports as it makes US goods more expensive abroad (and makes imports cheaper here).

Additionally, it means that interest rates are higher in the US, which helps US savings rates but hurts US investment.

Answer 2

A strong dollar allows us to buy more from other countries, while a weak dollar allows the U.S. to sell its goods more easily abroad. Whether a strong dollar is good or bad is all relative to the economy. When the dollar is strong, it means that more people want to buy goods denominated in dollars, and so the relative price to the rest of the world in their home currencies goes up. When it is weak, it means that demand for dollar denominated goods is lower, making it easier for the U.S. to sell its dollar denominated goods on the world market.

Having a "strong" or "weak" dollar is all a matter of comparison. Depending on the situation, either could be good for the U.S. and the world economy. If the U.S. was running a trade deficit, then a weakening of the dollar would make U.S. products more competitive, bringing us back to equilibrium.
Since some key commodities are denominated in dollars, such as oil, it might be bad for the global economy if the dollar were strong. At the same time, a strong U.S. dollar implies that the U.S. is buying more than it is selling, and since it is the largest market in the world, this would be good for foreign exporters.
So neither a "strong" or "weak" dollar is good for everyone, the ideal would be a dollar whose demand from external markets equals the demand for goods and services from the U.S.

Answer 3

yes because we have the strongest currencies in the world

Answer 4

why do you think we bombed Iraq....Sadam was trying to talk OPEC into converting to the EURO...it would have devistated US economy !!!

Answer 5

mmhmm