Daily News: December 27, 2016

WSJ: Manufacturing Renaissance at Risk Due to Strengthening Dollar


The Wall Street Journal reported that the rising dollar is thwarting the plans of U.S. manufacturers that export goods.

The Journal noted that in comparison to other currencies, the dollar was weak over the last 10 years; however, it rose to a 14-year pinnacle after the election of Donald Trump.

While a good sign for the U.S. economy in general, especially consumers and importers, the Journal said the strong dollar may reverse the trend toward a U.S. “manufacturing renaissance.”