The NY Times as an article called "Overseas Investors Buy Aggresively in US". The article discusses how the lower dollar has made US assets attractively priced for foreign buyers. It also makes investment in the US cheaper, and US production and manufacturing costs cheaper. Key quote on German steel company ThyssenKrupp's recently breaking ground on a $3.7 billion steel plant in Alabama:
"(ThyssenKrupp) executives spoke effusively about the low cost of production in the United States and the chance to reach many millions of customers — particularly because of the North American Free Trade Agreement, which allows goods to flow into Mexico and Canada free of duty."
The cheap dollar is accelerating a long term trend towards increased US cross border trade. While the impacts on large corporations gets most of the press, the falling dollar is also increasing small business cross border trade as small exporters take advantage of the weak dollar.
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