The term "strong dollar" refers to a situation where the value of the US Dollar is high in comparison to other currencies. This means that it takes more foreign currency to buy one US Dollar, and therefore, goods imported into the United States become cheaper while American-made products become more expensive on international markets. A strong dollar can be beneficial for American consumers as they get more value for their money when buying imports, but it can also hurt exporters whose products become more expensive in foreign markets and may lead to a decrease in demand.