• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

31 December 2024 10:03  |

US Dollar Remains Strong

The dollar index held around 107.9 on Tuesday, staying at relatively close to two-year highs and remaining firm on the last trading day of the year, poised for strong gains in 2024.

The greenback is on track for a more than 6% annual surge, as traders scaled back expectations for the magnitude of Federal Reserve rate cuts next year, responding to the Fed's recent hawkish signals. Earlier this month, FOMC members lowered their 2025 interest rate forecast to a 50 basis point cut, down from 100, due to stubborn inflation and signs of resilience in the labor market.

The dollar has also been supported by expectations that President-elect Donald Trump's policies—looser regulations, tax cuts, tariff hikes, and stricter immigration—will be pro-growth, inflationary, and help keep US yields elevated.

Source: Trading Economics

Related News

USD/JPY

Yen Extends Decline to 144 Versus Dollar as BOJ's Ueda Spea...

The yen extended its decline as far as 144.05 against the dollar as Bank of Japan Governor Kazuo Ueda gave a speech in Osaka....

24 September 2024 12:44
USD/JPY

Yen Holds Losses Ahead of BOJ Decision

The Japanese yen held its recent decline to around 153.4 per dollar on Wednesday, hovering at a three-month low as investors ...

30 October 2024 11:47
USD/JPY

BoJ Rate Hike Keeps Japanese Yen Strong

The Japanese Yen (JPY) edged higher against its US counterpart during the Asian session on Thursday, pulling away from a week...

5 December 2024 09:37
USD/JPY

Currency markets await US jobs report amid political turmoil

Major currencies remained on edge on Friday as markets awaited U.S. job data and digested a politically turbulent week, with ...

6 December 2024 17:49
BIAS23.com NM23 Ai