RSS SubscribeU.S. Dollar Performance Against Major Currencies in 2024
By Marcus Lu – Visual Capitalist
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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#U.S.dollar #FederalReserve #RateCut #InterestRates