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A dollar is a dollar, of course, until you want to exchange it for something else.

From American Public Media, this is Marketplace.

Thank you. Marketplace.

In Los Angeles, I'm Kyle Rizzdahl.

It is Monday, today the 18th of November.

Good, as always to have you along, everybody.

On the foreign exchange markets,, it went like this.

One euro will cost you about $1.6, one British pound, $1.27, one Chinese yuan, about 14 cents.

The specifics, honestly, aren't all that important.

What you need to know about the currency markets is that the U.S.

dollar has, broadly speaking, appreciated about 3% since election day. That is to say, the dollar

has gotten stronger, which is interesting because presidents like Trump has promised to weaken

the dollar as a way to make American exports more attractive,

cheaper, that is, for the world to buy.

Thing is, though, that the incoming administration policies might actually do the opposite,

as we're seeing, of what Mr. Trump intends.

Marketplace is Subri Beneshaw gets us going.

The dollar is getting stronger because people here and around the world want more dollars.

They're buying them, and they want certain other currencies less.

...