THE COST of imports and exports may be affected by the decrease of the US dollar, which dropped eight percent against the euro, yuan and other currencies over the last couple of days. According to Trinidad and Tobago Chamber of Commerce president Christian Mouttet, local businesses are going to be paying more to import goods from non-US sources, since most trade is conducted in US dollars, even though the prices may be quoted in the currency of the trading country. He said the increase in the euro over the last few months has so far been reflected in the increase of a number of goods such as milk, and noted that this trend could continue if the US dollar continued to decrease against other currencies.
Full Article : newsday.co.tt