The Federal Reserve’s recent indications of a cut in interest rates have spurred increased negative perceptions of the dollar, largely driven by expectations of the Fed’s response to the US economic slowdown.
The dollar wrapped up its worst-performing year since the pandemic began, with growing Wall Street sentiments pointing towards a likely interest rate decrease by the Federal Reserve in 2024 . Initial forecasts suggested the Fed would ease its rate hikes. However, according to Bloomberg’s assessment, the currency faced a 2.7 percent decline in 2023, marking its sharpest drop in three […]
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