Rise of US$ not hurting US as feared: UBS
Export trends have shifted and US exporters have higher market share now, says economist
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Singapore
THE strength of the greenback will not weaken US economic growth as commonly feared, given that export trends in the G3 countries have shifted in recent years, a senior economist at UBS said on Friday.
"American (exporters) now have a higher market share than they did before the crisis in both Europe and Japan," said Paul Donovan, global economist at UBS, at a client event. "American companies have been disciplined on cost. They haven't changed their price of their products in euros. They haven't change the prices of their products in yen."
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