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Signs of a strengthening U.S. dollar should be good news, right? Alas, for investors, a weak dollar actually has its benefits.
Strong Dollar? Bad News
We live in an increasingly global economy, with many major U.S. corporations deriving a substantial chunk of their revenue from foreign countries. McDonald's (NYSE: MCD), Coca-Cola (NYSE: KO), and Citigroup (NYSE: C) take in more than half their revenue from abroad, with the Golden Arches' European revenue alone outpacing its U.S. sales. Even Yahoo! (Nasdaq: YHOO) generates about 30% of its revenue abroad. How to Profit From the Dollar's Recovery
Unless you've been hiding in a cave for the past several years, you know just how hard the U.S. dollar's value has been hit. Yet despite ongoing concerns about weakness in the economy, the dollar has reversed its seven-year slide in recent months, rising nearly 10% against the euro.
What to Do When the Dollar Crashes
The dollar has dropped a huge amount in the past several years, against many of the major currencies. Of course, the real time to start worrying about the dollar was seven years ago, when it sat at levels 50% higher against the euro. But even after such a significant drop, these days, you'd have a hard time finding someone who’s truly bullish on the U.S. dollar.
Slovakia can join Euro zone in 2009

Bratislava, Slovakia -- The European Commission Wednesday declared Slovakia's economy is stable enough to adopt the euro as its currency, a commission report said.

Strong euro prompts manufacturers' threat

Geneva, Switzerland -- The weakening dollar has forced major European manufacturers to consider moving production to dollar-based economies, an industry coalition said.

Nepal may have currency note shortage

KATHMANDU, Nepal -- The suspension of Nepal's national bank governor may have an unexpected impact on the Himalayan kingdom's economy because of a currency bill shortage.

Drop in U.S. dollar draws foreign tourists

New York -- The weak U.S. dollar has many Europeans looking at the United States as a cheap place to spend their holiday money and load up on material goods.

U.S. Treasury yield at 2 1/2-year low

NEW YORK, Nov. 26 (UPI) -- U.S. Treasury bond prices rallied strongly Monday as increased credit fears sank the benchmark 10-year note to its lowest yield in 2 1/2 years.

Forecast: U.S. dollar could plunge 90 pct

Rhinebeck, N.Y. -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.

Loonie falls 3 cents against U.S. dollar

TORONTO -- The Canadian dollar fell nearly 3 cents Monday in its biggest one-day dive since January 1971.

Rapidly rising Canadian dollar alarming

Toronto -- Quebec Premier Jean Charest has asked Prime Minister Stephen Harper for an urgent meeting to discuss the sharp rise in value of the Canadian dollar.

Canadian dollar tops $1.10

Toronto -- The Canadian dollar rose above $1.10 Wednesday before easing back some 2 cents to a close that was still high by historical measures.

Canadian dollar tops $1.08

Toronto -- The Canadian dollar rose above $1.08 Tuesday to finish at a record $1.0852, up 1.34 cents.

Canadian dollar sets record

Toronto -- The Canadian dollar hit a record value of $1.07 against the U.S. dollar Friday.

Arab sheikdoms follow Fed lead

Dubai, United Arab Emirates -- Oil-rich Arab sheikdoms sought to keep their currencies in line with the American dollar Thursday by lowering interest rates, a report says.

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