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Re:British pound hits record low against the dollar by lottin on Tuesday September 27, 2022 @12:25AM (#32991543)
Yeah, which is baffling. It's not possible to invest in decreasing your foreign currency price. Price is an exogenous variable in a competitive market. You can invest in the production process so that production becomes more cost-effective and this allows you to lower prices, but that has nothing to do with devaluations, and certainly is not the mechanism through which exports prices fall when a currency depreciates.

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