US Dollar at another high

The US Dollar closed the week at another high after rallying up for some days now. In fact Friday saw the biggest gain in almost two months. See chart if you don't believe me. What does this mean for us? Well, if the dollar keeps going up, US products are going to be more affordable for outsiders. That's a good thing. More foreigners will buy more of our stuff. But there is a downside: whatever we buy in a foreign country will be more expensive. Even crude oil is more expensive even though it is paid for in US dollars. But producers in other parts of the world have to accept our dollars and exchange it into their currency. If the dollar is worth less they will want more dollars to make up for that. So we end up paying more.