Most economists expect the dollar to further strengthen next year, also a potential blow to exports.

"It is more so today, now that its dollar has strengthened."

One reason for this is that the dollar has strengthened a little.

In addition, our trade deficit is coming down, and the dollar has strengthened.

Without that deficit, the dollar will again strengthen and be the darling of international markets.

The dollar could strengthen because foreigners would buy dollars to take advantage of the higher American rates.

"Since the start of the year our trade accounts have turned around and the dollar has strengthened," he said.

Further, the dollar has strengthened as other countries have lowered their own interest rates during the crisis.

Most foreign buyers do not assume that the dollar will strengthen.

But as the dollar now strengthens, the sheltered years are ending.