Brexit

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

     
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.

Continue reading The dollar takes a dive: What that means for your pocket at Movement Mortgage Blog.

About the authors

We are a dedicated team specializing in the 6-hour, seven day mortgage process. We're here to guide you through the home-buying process every step of the way.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

Learn more about movement