Experts: Don't Fear The Weak Dollar
Concerns about the weak dollar are mounting. But even as the greenback sinks to new lows against the euro and other global currencies, some experts say this is not necessarily a bad thing for the U.S. economy.
The anemic dollar does pose plenty of hurdles for an economy that some argue is already in a recession. Most notably, the weak dollar is raising more fears about the very visible impact of higher inflation.
Textbook economics suggest that a weaker dollar forces consumers to pay more for imported goods like toys made in China or a bottle of wine from France's Bordeaux region.