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.