The Economic Times

US Dollar sinks to 4-year low: How it could impact Americans' wallet, savings, and travel costs

US Dollar decline impact on Americans: The US dollar has hit a four-year low, potentially increasing costs for Americans. Imported goods and fuel prices may rise. Borrowing could become more expensive. Travel abroad will also be costlier. These shifts are influenced by Federal Reserve rate cuts and global economic uncertainties. Investors are moving towards gold as a safe haven.