Low US Dollar Helping Manufacturers

This executive spins some positives out of how a low US dollar is helping US manufacturers rebuild after years of decline. The flip side of this is Canadian manufacturers, who have done well until recently selling to the US with a weak Canadian dollar. Now at par with the US greenback, they'd all love to have it back at 70 or 80 cents.

Sandy Cutler, the diversified manufacturer's chief executive and chairman, also said the dollar's weakness was a boon to the U.S. economy, boosting exports and more than offsetting the negative effects of the housing downturn.
He said high oil prices, while inflationary, were also "causing a massive expansion and investment in both oil and gas and alternative energy" that was further boosting the business of U.S. manufacturers like Eaton.

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