Venture Capital News : Pollia Ventures Report on US Dollar

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 6, 2008 -- Sources close to “Pollia Ventures” remarked that the U.S. Dollars recent decline against the Canadian Dollar, the euro, and even the Indian rupee, will result in Americans paying more for imports and trips to Paris, Rome, Bangalore and Toronto. It may additionally drive overseas demand for U.S. goods and assist raise profits for U.S. multinational corporations.

The US Dollar reached one-to-one parity against the Canadian Dollar recently for the first time since November 1976. Pollia Ventures are apparently of the opinion that today's numbers, however, do not necessarily imply that the US Dollar is facing a meltdown.
Chief Analyst with ”Pollia Ventures” Geoff Pike reportedly stated that a lower US Dollar makes U.S. exports more competitive, which is good news for American manufacturers, but spells rising prices for imports to the U.S.
The Dollar's decline has furthermore diminished the spending power of American tourists while attracting to the U.S. foreign visitors who are currently benefiting from more affordable accommodations and shopping.

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