The dollar is heading towards its largest decline in 3 days against a basket of currencies

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The dollar is heading towards its largest decline in 3 days against a basket of currencies

Displays The dollar On Monday, towards its largest decline in 3 days against a basket‍ of the major currencies since last April, as Euro and pounds Sterling and the Swiss franc.
Market volatility indicators are still high and the bond market is fragile, due to the intense selling operations in Japanese bonds, the effects of which may extend to US Treasury bonds, while the continuous rise of gold to new record levels reflects investors’ search for alternative safe havens.

Cutting interest rates twice

It is expected that the Federal Reserve will cut interest rates at least twice during the current year, while other major central banks are holding or raising interest rates.
It has been witnessed. Global stock markets rose significantly last year, due to the increasing influence of artificial intelligence.

The performance of the Standard & Poor’s 500 index declined over the past year, and rose about 15%, compared to the rise of the Kospi index in Seoul by 95%, the Nikkei index in Tokyo advanced by 40%, and the Shanghai Stock Exchange index by about 30%.
Despite the rise in the value of the yen, the Japanese currency lost about 13% against the dollar over the past year.
According to an index issued by the Bank for International Settlements, the dollar has lost only about 5.3% during the past 12 months.