Reported 5 days ago
As 2024 unfolds, the US dollar is solidifying its position against other currencies, supported by rising Treasury yields and the expectation of limited interest rate cuts by the Federal Reserve. The dollar index reached 108.06, just below its two-year high, while the Japanese yen slides towards its lowest levels due to market concerns and US policy expectations under President-elect Trump. Emerging market currencies are also feeling the pressure from the widening interest rate gap, with significant declines in both the euro and the Australian dollar predicted for the year.
Source: YAHOO