Sentences with phrase «whose weak currency»

As I told you back in May, the U.S. reclaimed its longstanding title as the world's number one wheat exporter this year, displacing Russia, whose weak currency gave the Eastern European country a competitive advantage.

Not exact matches

While China is usually singled out for its policies, other countries have behaved more irresponsibly, most notably rich Germany, whose surpluses, the largest in history, were built primarily on an undervalued currency, after the creation of the euro, and on weak wage growth, after the 2003 — 05 labor reforms.

While a weakening domestic currency can be painful for citizens whose wealth is stored in that currency, there are reasons that certain governments prefer a weaker currency, especially for countries that are net exporters.