Profit Fuel

I read this article, on Business Week, that told about the US dollar getting weaker. They project that in the next year, exports will grow. They call this ProfitFuel and we could gain pricing power at home from cheaper dollars. They say the dollar has fallen 20% against a trade-weighted basket of major currencies. So, the goods that are purchased abroad, are paid for in foreign currencies. That means those currencies now buy more dollars, than before. Economists, say a third of next year's rise in exports will be attributable to the weaker dollar. Some see the dollar ebbing a further 13% against the euro and 8% against the yen over the next two years. Of course that's barring a disaster or terrorist attack. Should something of that nature happen, the dollar would plunge even more. China, has put a fixed exchange rate for its currency, the yuan. They believe it would also slow the flood of U.S. factory jobs moving abroad, because the goods being exported from China, would be more expensive. The US Treasury Secretary has been pressuring Beijing to allow its currency to float, but China seems unwilling to give up it's competitive edge. Without more help, the dollar is likely to continue its slow drift, putting plenty of green into Corporate America.