asked the Minister for Industry and Commerce the effect the weakness of the US dollar will have on prospective US investment in Ireland.
Written Answers. - US Investment in Ireland.
116.
The dollar has shown weakness primarily in terms of Continental currencies but has remained reasonably stable in relation to the £ sterling over the past year. The overall result should not adversely affect US investment here and may marginally encourage it.
However, I would stress that industrial investment decisions are made on the basis of medium to longterm considerations and are not likely to be influenced significantly by short-term currency fluctuations.