It must be considered by the senate, before passing it to the president for approval. Both houses (congress and senate) needs to both approve before going to the next approval. Hope this helps. =)
The most likely impact of a decline in the trade-weighted value of the dollar is that American consumers will have to spend more money to purchase goods from abroad.
The Fed developed the trade-weighted dollar index to evaluate the US dollar's value in relation to trading partners.
Instead than comparing the value of the US dollar against all other currencies, the index prioritizes the currencies that are most commonly used in international trade.
The trade-weighted dollar is used to calculate the purchasing power of the dollar in relation to other currencies and to summarize the consequences of dollar appreciation and depreciation.
The purchasing power of the U.S. dollar is calculated using the trade-weighted dollar, which is also used to analyze the effects of the dollar's appreciation and depreciation versus other currencies. Imports into the United States cost less as the value of the dollar rises, but exports to other nations cost more.
To know more about trade weighted value:
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A: in Chinatowns in several cities
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For edge
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Many of the themes and principles contained in the Magna Carta and the English Bill of Rights are continued in the American Declaration of Independence of 1776, the First State Constitutions, the Articles of Confederation, the U.S. Constitution, and in the US Bill of Rights.
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Coleman young ur welcome i hope it helped u
