Why the U.S. Dollar May Have Finally Hit a Bottom

By Emily E.A. Meyer

After a rough first half of the year, the U.S. dollar is starting to show signs of bottoming on the heels of a strong U.S jobs report and improving economic data.

In July, the economy added 209,000 jobs as the unemployment rate dropped to 4.3%. But the bigger piece of news was that wage growth saw its biggest month-over-month gain since October. On the heels of those strong numbers, and other signs the economy is strong, the dollar rose off a one-year low.

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Source:: MTA News


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