A stronger US dollar is a double-edged sword

A higher exchange rate could drive greater consumption in the US' struggling household sector, but it will also carry economic risks.

The United States household sector continues to struggle, but help will soon arrive in the form of a higher US dollar. A stronger dollar will increase the purchasing power of households, prompting a surge in imports, but it won’t come without its risks. A higher exchange rate may also weigh on US production and, in the process, prove detrimental to the US recovery.

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