The dollar takes a dive: What that means for your pocket

The value of the U.S. dollar is plummeting, raising concerns about its effects on economic growth.

The dollar began depreciating in 2017, when it fell 10 percent, followed by another 1.5 percent decline so far this year. The phenomenon has baffled economists, who predicted the dollar would appreciate given the Federal Reserve’s decision to raise interest rates three times last year and the economy’s accelerated growth.

The strength of the dollar is judged against currencies from other countries, such as the pound, euro or yen.

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via Naza Finance Blog