The Dollar Index (DXY) has quietly depreciated by nearly 10% year-to-date to sub-97 levels. The weak US dollar slashes the price of American goods overseas, therefore boosting exports. 

Simultaneously, costs for imports are increased.  This dollar depreciation trend stems from ballooning deficits, policy volatility, and softer growth. Exporters cheer the boost, but importers face squeezed profits—and ripple effects are hitting international trade balances and global unemployment hard.