RY 167.78 0.209% SHOP 136.85 -0.1168% TD 88.39 0.0566% ENB 64.32 -0.6334% BN 76.45 -0.2089% TRI 256.88 0.8797% CNQ 39.19 -2.1229% CP 103.44 -0.0869% CNR 137.95 -1.4502% BMO 135.26 0.3115%

Weak Dollar

Updated on August 29, 2023

The value of dollar fluctuates constantly as it is governed by supply and demand.

Describing a sustained period of time, a weak dollar denotes the decreasing value of the US currency relative to other currencies. Breaking down the concept, weak dollar means that a US dollar can be swapped for lesser amounts of a foreign currency. A weak dollar implies that imports are expensive, and exports are attractive.