Reported 3 days ago
As 2025 begins, the dollar sees robust gains, reaching its highest level in over two years due to speculation that the Federal Reserve will pause on aggressive interest rate cuts. The U.S. dollar is benefitting from strong economic indicators and demand for safe-haven assets amidst geopolitical tensions, while the euro and sterling weaken against it. Analysts predict that the dollar's strength will continue in light of anticipated policies from the incoming Trump administration.
Source: YAHOO