Reported about 1 month ago
The U.S. dollar has declined significantly, falling more than 2% in August, providing relief to various economies facing challenges from its previous strength. As expectations rise for interest rate cuts by the Federal Reserve due to economic weakening, currencies like the yen and yuan have strengthened, relieving pressures on affected nations. Emerging market currencies, especially in Asia, have also gained from this trend, offering central banks an opportunity to focus on domestic growth. Overall, the dollar's recent downturn represents a fundamental shift that benefits multiple global markets.
Source: YAHOO