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But Detroit mounted a big push for a lower dollar.
But although vested interests may be clouding the debate, the arguments for a lower dollar are persuasive.
This is simple a question of sitting down with China and other major trading partners and working out a deal for a lower dollar.
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Any news of economic weakness in the U.S. can affect these markets, because it will mean less demand for goods and a lower dollar.
For that, give credit to a lower dollar, rapid growth in emerging markets and the formidable adaptability of American companies which have established beachheads in those markets.
A lower dollar would tend to diminish demand for securities denominated in dollars.
Lower rates are better than a lower dollar, they maintain.
While the U.S. has argued publicly that it is for a strong dollar, it has not supported the dollar beyond talk, suggesting to me that the government is not opposed to seeing a lower dollar.
Furthermore, a lower dollar means U.S. exporters should fare well.
In principle the United States could be negotiating for a lower-valued dollar in a big trade agreement like the Trans-Pacific Partnership.
The study also showed an uptick in volunteering among the wealthy, suggesting that the affluent may have compensated for lower dollar donations by giving more of their time.
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