- Boring Business Nerd
- Posts
- How a stronger U.S. dollar impacts you
How a stronger U.S. dollar impacts you
The U.S. dollar has surged since Trump’s win, trading at its highest level in two years. Here’s what it means for you.
Kieran Ryan
December 05, 2024
TODAY’S STORY
The dollar index, which measures the U.S. dollar against a basket of currencies, has surged as much as 5% since Trump's win, trading at its highest level in two years.
The downstream effects can be both good and bad. On one hand, a stronger U.S. dollar means more purchasing power when paying for goods priced in other currencies. This is especially felt when traveling abroad and dealing with exchange rates. Additionally, it can make buying foreign goods that are exported to the U.S. cheaper, so consumers can feel the benefits without having to leave the country.
On the other hand, a stronger U.S. dollar might not be great news for your investment portfolio. This is especially true for companies that generate a high portion of their revenue overseas. If the U.S. dollar is strong, and the local currency in which they are conducting business is weak, they’ll ultimately see weaker profits when they convert into dollars. This could result in less profitability, which could negatively impact stock prices.
OUR PICKS
Here are today’s recs to help you live a smarter life…
1. Your chore list just got shorter.
Dust is no match for this robot vacuum. The smart navigation methodically cleans in neat rows, while sensors help it navigate around furniture and avoid falling down stairs. $100 off for a limited time.*
2. Get ready for your annual golf trip.
This men’s tech golf polo features textured fabric that’s soft, light & breathable. 42% off for a limited time.*
3. Audio that adapts to your surroundings.
With Galaxy AI, your buds will automatically adapt to help you hear what matters.*
#SHORTS
Tech companies are overrun with ‘ghost engineers’
@boringbusinesskieran Tech companies are overrun with ‘ghost engineers’ 👻👨💻 #business #techtok #engineering #worklife #career
PREVIOUS STORIES
Weight-loss drug leaders engage in pricing war — Eli Lilly and Novo Nordisk are slashing prices to encourage more health plans to cover the medicine.
Who wins from return-to-office mandates? — Starbucks and coffee chains could see a sales bump from the return-to-office mandates.
AI on Wall Street — One place AI is seeing excellent market penetration is financial services.
Why Macy’s is moving into strip malls — Annual visits to strip malls were up 18% in 2023 compared to before the pandemic.
AI Data Centers Go Nuclear — Microsoft’s AI needs so much power it’s restarting the site of the worst U.S. nuclear accident.
To read the web version of previous stories, click here
If you have any comments or feedback, just respond to this email.
Thanks for reading,
Kieran & Justin Ryan
