Reported about 1 month ago
The US dollar is set for its largest monthly decline in 2024 as expectations of interest rate cuts by the Federal Reserve take hold. In August alone, the dollar has dropped nearly 2%, prompting sharp increases in various foreign currencies, notably the New Zealand dollar and Swedish krona. This change reflects higher confidence in riskier investments overseas as U.S. bond yields fall and fears of a recession diminish.
Source: YAHOO