jeff9366
Super Star Member
- Joined
- Jan 14, 2011
- Messages
- 12,777
- Tractor
- Kubota Tractor Loader L3560 HST+ ~~~~~~~~~~~~~ 3,700 pounds bare tractor, 5,400 pounds operating weight, 37 horsepower
Dollar slumps to 32-month low.
Sep. 8, 2017 5:50 AM ET| By: Seeking Alpha Financial News
Sep. 8, 2017 5:50 AM ET| By: Seeking Alpha Financial News
The greenback is losing ground against both the yen and euro as a combination of factors weigh on investors' minds.
These include the impending landfall of Hurricane Irma, tensions over North Korea, the ECB's indication it may taper its QE program, as well as a Fed rate hike that's likely off the table for December.
The U.S. dollar index is now at its lowest level since January 2015, slipping 0.4% to 91.08 in overnight Asia trading.
I predict US$ decline will lead to higher net tractor prices in 2018, either through increased MSRPs or reductions in promotions. Our tractors have a high proportion of imported components.