Bridgewater Disagrees With Yellen Over Issue Of Strong DollarMark Melin
U.S. exports, which had been a moderate support on U.S. economic growth, turned to a drag on GDP, a Bridgewater Associates strategy document points out. This occurs as a strong dollar makes U.S. goods more expensive, but the Bridgewater document does not cite this as a major issue, saying the dollar rally seems to be having a “modest” impact on the drop in exports. Others disagree.
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