US exporters fail to reap benefits of lower dollar

Even assuming that the full effects of the dollar’s fall have not yet come through, rising US exports are unlikely to be enough to narrow the deficit.
The conclusion, says Ray Attrill, director of research at 4Cast, is that unless US consumption slows considerably, a much greater fall in the dollar is necessary to narrow the trade gap. “It appears that we have got only half the fall that we need in the dollar in order to help close the deficit,” he says.

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