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A comment on The euro has tumbled near parity to the US dollar. Parent comment

Re:The euro has tumbled near parity to the US dollar by logicchains on Tuesday July 12, 2022 @12:00AM (#32065448)
>A weaker currency is better for exports.

Only for exports that don't rely on imported components, because such components will get more expensive.

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Re:The euro has tumbled near parity to the US dollar by ThinBold on Wednesday July 13, 2022 @01:22PM (#32085836)
> rely on imported components

This doesn't matter. You buy wheat at $100 and sell breads at $250. You net $150 and convert that to, say, €150.

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Re:The euro has tumbled near parity to the US dollar by dsq on Tuesday July 12, 2022 @01:58AM (#32066172)
Quite right, imports get more expensive. I guess it's only beneficial if you have most of the supply chain in-country.
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Re:The euro has tumbled near parity to the US dollar by anony999 on Tuesday July 12, 2022 @03:39PM (#32074691)
Could you say that it encourages local supply chains?
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Re:The euro has tumbled near parity to the US dollar by dsq on Wednesday July 13, 2022 @04:07AM (#32080123)
I think so, given a healthy market. Sometimes fiat decisions or policies can discourage or outright prevent local supply from developing. The key is balance.
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