[ad_1] © Reuters. WASHINGTON – The US dollar, which has seen a strong performance in the latter half of 2023, is expected to face a downturn in 2024 as the Federal Reserve gears up to ease interest rates. In the second half of 2023, the dollar’s bull trend was propelled by robust US economic growth,
[ad_1] © Reuters. Despite the usual end-of-year softening, the strength of the dollar, bolstered by US macro outperformance and a hawkish stance from the Federal Reserve, is predicted to continue. The dollar has remained unaffected by a sell-off in Treasuries and increases in long-end curve rates. High US rates and an unorganized rise in US
[ad_1] © Reuters. On Wednesday, the euro appreciated against the U.S. dollar, influenced by a decrease in Treasury yields following dovish comments from Federal Reserve officials and anticipated Chinese stimulus measures. Atlanta Federal Reserve President Raphael Bostic, speaking at the American Bankers Association, expressed that no further interest rate hikes were necessary. This statement led
