The dollar is set for its worst year since 2020
The dollar closed out its worst year since the onset of the pandemic as Wall Street ramped up bets that the Federal Reserve is set to lower interest rates in 2024.
By Carter Johnson / Bloomberg
After being whipsawed by false starts calling for the end of the Fed’s rate hiking regime, a Bloomberg gauge of the greenback tumbled 2.7% this year in the steepest annual drop for the US currency since 2020.
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