The DOLLAR value is dropping to it's bottom range on the DXY

The DOLLAR value is dropping to it's bottom range on the DXY

We are losing purchasing power but a weak dollar is not all that bad when you look at it from these angles:

1. Should help domestic jobs (imported good will cost more so local production should increase)

2. People tend to travel more domestically because our dollar buys less in the rest of the world (increased domestic spending)

3. Our exports are more competitive which could shrink trade deficits

4. The U.S. becomes a more affordable travel destination5. Long term low interest rate debt gets cheaper to pay back

There are negative issues with the dollar losing value that should be noted as well. See: https://www.thebalance.com/how...