Dana Hedgpeth of the Washington Post writes -”The weak dollar has made it easier for U.S. manufacturers of parts for appliances, automobiles and other equipment to compete globally on price and is helping them win back business lost to overseas competitors, a shift that economists say should help the country’s economic recovery.

Last year, as the financial crisis hit a crescendo, investors poured money into U.S. Treasury securities, long considered one of the safest places to invest. That caused the dollar’s value to skyrocket, putting U.S. companies with heavy export businesses at a pricing disadvantage compared with competitors abroad.

More recently, as the global economy has shown signs of a turnaround, investors have been spreading their risks and putting money into stocks and bonds around the world. That strategy has pushed the value of the dollar back down and has helped U.S. manufacturers compete with producers in Asia and Europe.”

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