Master dollar sees first yearly loss since 2020
It's decline accelerated after the Fed adopted an unexpectedly dovish tone
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It's decline accelerated after the Fed adopted an unexpectedly dovish tone
The dollar looked set on Friday to end 2023 with a loss, reversing two straight years of gains, dragged by market expectations that the U.S. Federal Reserve could begin easing rates as early as next... -December 28, 2023 at 09:30 pm EST - MarketScreener
With markets already pricing in aggressive cuts, debate is also focused on how much further the greenback is likely to fall.
The dollar edged higher on Friday but was still set to end 2023 with a loss, reversing two straight years of gains, dragged down by market expectations that the U.S. Federal Reserve could begin easing...
Questions for 2024 will be when the Fed begins cuts, and whether the first rate reduction is made to avoid over-tightening as inflation drops, or due to rapidly slowing US economic growth.