U.S. Dollar Performance Against Major Currencies in 2024

Barry Investment Advisors |
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In 2024, the U.S. dollar has experienced notable depreciation against many major currencies due to anticipation of the Federal Reserve’s first rate cut since the onset of the COVID-19 pandemic (rates were cut by 0.5% in September 2024).

Lower rates can reduce the dollar’s appeal relative to other currencies, particularly those in economies with higher interest rates.

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