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U.S. Dollar Records Worst Annual Performance Since 2017

The dollar’s decline comes amid expectations that the U.S. Federal Reserve (central bank) will implement additional interest rate cuts.

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Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for setting monetary policy including interest rates.
  • Interest Rate Cuts: A monetary policy action where a central bank lowers the cost of borrowing to stimulate economic activity.