How the value of the US dollar compares to other currencies
It may sound counterintuitive, but not everyone is a fan of a strong US dollar.
This is generally great news for Americans heading to countries with weaker currencies because they can get more for their money. But on the other hand, items can be more expensive for foreign companies doing business with the United States and international visitors (which in turn can hurt the US tourism industry).
President Donald Trump has previously criticized the strength of the US dollar, arguing that its value against weaker currencies could make the United States less competitive.
âI want a dollar that is good for our country but not a dollar that prevents us from doing business with other countries,â Trump said in March.
He even met with economic advisers this week to discuss devalue him before finally deciding not to interfere with the US currency markets.
Here’s a look at how the U.S. dollar compares to the currencies of the U.S.’s major trading partners based on data from the Federal Reserve:
US dollar against Chinese yuan
US dollar against the euro
US dollar versus Mexican peso
US dollar versus Canadian dollar
US dollar against Japanese yen
Correction (July 29, 2019): A previous version of this article included a chart that distorted the value of the US dollar against the euro. The graph has been updated.