Dollar Set for Sharpest Annual Loss Since 2017
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The US dollar is poised for its largest annual loss since 2017, having fallen 9.4% over the year, closing at 98.2. Factors contributing to this decline include expectations of Federal Reserve rate cuts, narrowing interest rate differentials, and concerns over fiscal deficits. Investors are awaiting the announcement of a new Fed Chair, as minutes from the December meeting indicate a consensus on potential rate cuts if inflation decreases further, with markets anticipating two quarter-point reductions in 2026.
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