Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

USD review

Western Union notes in a report on Wednesday:

  • The dollar flew at new multiyear highs as better jobs data kept a brighter spotlight on the Fed who mulls a policy decision next week. But with the dollar continuing to pour on the appreciation, the Fed might feel less pressure to raise rates since a strong currency can have a growth dampening effect much like an interest rate hike. 

  • The dollar's steady ascension also highlights the importance for customers to have a systematic hedge plan in place that enables them to participate in further gains for the greenback.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.