What a weakened US dollar means for your finances
ABC News
The value of the greenback has fallen nearly 10% since the outset of last year.
The value of the United States dollar has ticked down slightly this year, deepening a dropoff for the currency that stretches back months.
The greenback has fallen nearly 10% in value since the start of last year relative to a group of foreign currencies that belong to top U.S. trading partners.
A weaker dollar could raise prices for some everyday items imported from abroad, while hiking expenses for travelers overseas, analysts told ABC News.
Inflation stands at its lowest level since July, but it remains nearly a percentage point higher than the Fed's target rate of 2%.
"A weaker dollar can add insult to injury when it comes to affordability," Mark Hamrick, Washington bureau chief and senior economic analyst for Bankrate.com, told ABC News.
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