A stronger currency makes imports less expensive and exports more expensive on international markets. In international trading, a lesser currency makes a country's imports more costly and its exports less costly.
When the dollar exchange rate rises, the market cost of local goods rises, while foreign merchandise and services fall. Relative price changes will reduce U.S. exports while increasing imports. The higher the value of a country's currency, the more expensive it is for foreigners to buy its exports. Correspondingly, it is cheaper for people in that country to buy imports from other countries.
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