I am reading this article about the strengthening of the US Dollar when I came across this paragraph:
"But there are reasons to be cautious. A strong dollar will squeeze American manufacturers, which have otherwise benefited from falling energy prices and rising wages in China. That will weigh on growth in the United States and further suppress inflation, which is already well below the Fed’s target."
Am I understanding it correctly that because the Dollar is getting stronger that it will hurt American Manufacturers?