US AUTO INDUSTRY EXPORTS RISK BEING HIT BY GREENBACK EXCHANGE RATES
September 12th, 2022
The rising value of the US dollar in international exchange markets is inflating the value of exported US-made vehicles, while reducing the cost of competing imports and parts sourced overseas.
With war and inflation making the US dollar an attractive option to currency traders, the greenback has been appreciating, including against the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK) and Swiss franc (CHF) - making up the US dollar index (USDX). In September 2021, this index rating was 92.1. On August 30 (2022), it ...
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