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Dollar's fall boosts U.S. machinery exports
Jill Craven and Allan Gochenour
Economists, Division of International
Prices, Bureau of Labor Statistics
The post-1985 decline in the dollar's value vis-a-vis the currencies of the Nation's major trading partners helped to make these important export goods more price competitive on world markets. This article uses several statistical measures produced by the Bureau's International Price Program to describe developments for individual industries and to show the apparent effects that dollar depreciation had on prices and volumes of internationally traded machine goods from 1985 to 1990.
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