A weak dollar may not be all bad news for the tech sector.
The value of the U.S. dollar has been sliding for more than 36 months, monitored dolefully by observers who recall the years when the dollar was the rock-solid underpinning of the global economy and are not used to the U.S currency’s chronic weakness.
Yet not all view the effects of the falling dollar as negative, especially within the tech sector.
“A weak dollar can be good—technology is a big exporter, so this makes their products fare well in international markets,” Carl Steidtmann, chief economist with Deloitte Research, told eWEEK.
Some argue that any impact that the greenback’s value has on the tech economy is a long way off, noting its diminishing role in international markets.