Big Business This Week: Does the Dollar’s decline matter?

This article was originally featured in Cheddar News. By Peter S Green.

Feature: Javier Palomarez on the Weakening U.S. Dollar and Its Impact on American Small Business

In a recent Cheddar feature, Javier Palomarez, President & CEO of the United States Hispanic Business Council (USHBC), addressed the real world impact of the weakening U.S. dollar on small businesses across the country.

While currency shifts are often framed as a boost for exports, many small businesses are experiencing the opposite effect. As the dollar declines, the cost of imported goods, from construction materials to bicycle components and technology parts, continues to rise. These increases directly impact operating expenses for entrepreneurs already navigating tight margins.

Palomarez also highlighted a deeper concern: access to capital.

“Our number one challenge has always been access to capital and credit, and a weaker dollar makes it even harder to secure a loan,” he explained.

A weaker dollar can drive up interest rates as the U.S. Treasury offers higher returns to attract investors, increasing borrowing costs for business owners. The result is reduced purchasing power on Main Street, higher inflationary pressure, and elevated operating costs for America’s job creators.

Read the full article in Cheddar News.