Dollar Drops After Jobs Report: What It Means for You

Coffee break money tip: The dollar just took a dive after a weak US jobs report, making travel and online shopping from overseas a bit cheaper for now. Why? Fewer new jobs mean the Fed might cut rates soon, which usually makes the dollar weaker. If you’re planning a vacation or eyeing imported gadgets, now’s a good time to check prices! Gold also jumped as folks look for safe bets when the economy gets shaky. #Business #Market #DollarDrop

5 days ago

Robert

Maybe it's me, however I used to carry a couple of $20 dollar bills in my wallet and would be able to buy lunch and fill up the car with gas and maybe stop for a beer and some groceries, now it takes a couple of hundred to do the same. Our dollar has lost MOST of its purchase power.

Greenbank, WA

Reply(4)

Terry

higher prices and less money

Juan Carlos Guerra

We need to lower interest rates!!! That’s the one thing holding this amazing economy back.

Washington, DC

Reply(2)

Steve Beaty

it means higher prices.

Panama City, FL

S Cross

Its buying power is at historic lows. Without strengthening the dollar (as in 1967 strong), it will probably end as most catastrophically worthless currency ends.

Battle Mountain, NV

Paul Brown

and it's steady getting worse with him in office

Bay St Louis, MS

Dusty

It means the dollar can't buy what it used to.

Michael McDonald

As The Fed Cuts Rates, It Lowers The Value Of The Currency, It Will Take More Dollars To Buy The Same Amount Of Goods. Wanna Solution Physical Gold And Silver Only.

Las Vegas, NV

Ray Bauer

Maybe America should re-evaluate our currency? Other countries did that after bankruptcy.

Dayton, NV

Robb

More comments ...

write a comment...

Dollar Drops After Jobs Report: What It Means for You | | zests.ai