2007-10-04 10:36:26 · 3 answers · asked by CityGirl82 2 in Social Science ➔ Economics
Thanks for your answers so far!
I'm really not concerned about the big picture or for "ego;" it's strictly for personal gain : ) You see, I would like to qualify for a UK HSMP visa, and I make just a couple k's short of what I need to meet the score minimum. A stronger dollar would put me over the edge so that I qualify and then I could move legally to the UK.
Cheers!
2007-10-04 12:45:48 · update #1
Simple answer - If the US tightened the money supply, interest rates would increase and the Dollar would appreciate against the GBP (ceteris paribus).
2007-10-04 10:45:04 · answer #1 · answered by 2007_Shelby_GT500 7 · 1⤊ 0⤋
Do we care? A weaker dollar raises the cost of imports, while making U.S. products more attractive to foreigners. It raises the cost of off-shoring operations, keeping jobs in the U.S.
Ignoring those countries with pathetic currencies and runaway inflation, there are many instances of countries who've had weak currencies and no ill effects. I think a strong dollar is something that people want for ego reasons. They think a weak dollar means a weak country.
2007-10-04 11:02:45 · answer #2 · answered by Anonymous · 1⤊ 1⤋
I'm not sure that economic security for the US has anything to do with the strength of the dollar against the pound. I hope we're not basing economic policy on a single factor like that.
2007-10-04 11:05:48 · answer #3 · answered by A Plague on your houses 5 · 0⤊ 3⤋