First, be aware that fluctuations in currency affect exports. With a weaker dollar, U.S. exports become more appealing. Foreign imports less so. U.S. exporters win while foreign importers lose. And this price preference on American goods has pseudo protectionist ramifications. Not the best thing for global trading partners like China as it seeks to revive it's slowing economy.
Second, a weaker dollar makes the impact of foreign capital more significant. It could boost investment in U.S. companies from foreign institutions with cash to spend. Infusion of capital is just what many companies are looking for now. Of course, watch for the backlash against foreign acquisitions. Conversely, U.S. investors may be tempted to hold back investments in foreign markets that have become accustomed to large capital inflows from American investors. This could have an impact on international equities
Finally, don't forget commodities. Many assets such as oil, are denominated in U.S. dollars and this adds a tailwind to this asset class.
http://www.cnbc.com/id/29832879
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