Reported 4 days ago
The US dollar has experienced its strongest annual gain since 2015, rising nearly 8%, driven by a robust economy and tax policies from President-elect Donald Trump that suggest interest rates may remain high. The Bloomberg Dollar Spot Index reached its highest point since November 2022 as traders adjusted expectations for Federal Reserve rate cuts. With many investors increasing their bets on the dollar, analysts believe this trend could continue into the early part of next year, though there are concerns about sustaining momentum as rate cuts are already factored into the market.
Source: YAHOO