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Dollar Devaluation May Hit Some Sectors
The 10 percent drop in the dollar may affect imports, travel, and foreign sales. Auto repairs for German and Japanese cars could rise as parts costs grow. Travelers with limited budgets, relatives abroad, or Social Security recipients abroad face costs. Companies relying on imports or foreign competition may feel shifts in competitiveness. European attitudes toward U.S. managers show lingering disenchantment with American management methods.
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New York
United States