January 27, 2025
Dollar’s (USD) Terrible Month Is Boon for Major Currencies Elsewhere
 #DolarNews

Dollar’s (USD) Terrible Month Is Boon for Major Currencies Elsewhere #DolarNews

Financial Insights That Matter

The proximity of the Federal Reserve’s shift to interest-rate cuts is battering the US dollar this month, sending the world’s reserve currency slumping and igniting rallies in major peers around the globe.

The Bloomberg Dollar Spot Index has dropped almost 2% in August so far, marking the steepest drop since markets prematurely braced for such a pivot by the US central bank late last year. This time, though, Fed officials have been clear that they’re finally ready to start easing for the first time since 2020 as inflation cools.

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