Rising dollar trim US container exports
16 April 2015
Strong dollar could have a negative affect on US container exports. Manufacturers trim optimism over a currency rising and increase health care costs. Total exports as a share of gross domestic product have grown steadily over the past several decades, and export stagnation could undermine growth. Nearly one-third of business executives expect the value of the dollar to increase 10% relative to the euro, according to the survey.
Depressed markets and sluggish overseas demand affect transpacific ocean carriers and they have lower than expected freight volumes.