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<p>[QUOTE=&quot;myownprivy, post: 2708465, member: 84588&quot;]Kurt&#039;s completely correct that a strong currency makes imports cheaper. That was my point and what I believe is a good thing. However, it seems he thinks it&#039;s a bad thing for that to happen because it will lead that same country&#039;s exports to be expensive. Why do you think that&#039;s a bad thing if the country&#039;s GDP is primarily derived from domestic consumption? </p><p><br /></p><p>If a country is a strong net importer, exports matter less. Cheap imports can drive massive domestic consumption and employment. For instance, if the dollar is strong, steel imports are cheaper. Cheaper steel imports lead to more domestic construction jobs and downstream employment. Same for imports of shoes, iphones, etc. (jobs in design, transportation, sales, maintenance of said products, etc.). </p><p><br /></p><p>Of course, a country would never want their currency to be too weak or too strong. It&#039;s all a balancing act of managing what leads to the highest employment and wealth in our example country. What do you think, Kurt?[/QUOTE]</p><p><br /></p>

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