SYRACUSE, N.Y. (WSYR-TV) - You may have heard of the “Trump bump”. Not only stocks, but the value of the dollar shot upward.
Unlike stocks, which have kept rising, the dollar has given back all of the gains it’s seen.
Since January, the price of the dollar is down 8% against other currencies.
That is good for some things.
A falling dollar makes it easier for companies to export goods out of the U.S., because it makes them cheaper. That helps those exporters because it’s a good thing for their stocks.
A devalued dollar helps international mutual funds because what happens is that when those overseas stocks convert back into U.S. funds, it buys more dollars.
It makes the gains bigger and that’s why international funds are up 15-20% this year.
One thing that hurts is if you’re traveling abroad, it’s going to be a bit more expensive you.
Financial adviser Rick Reagan doesn’t see that changing anytime soon.
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