The dollar index held steady around 106 on December 10, following two consecutive sessions of gains.

The United States Dollar is expected to trade at 106.43 by the end of 2024. Looking forward, we estimate it to trade at 107.29 in 12 months’ time. The second term of President Trump, along with the Republican Party’s control of Congress, has led to a significant strengthening of the US dollar. The dollar index has climbed around 6% since the start of October, marking its seventh straight weekly gain. The EURUSD exchange rate is trading close to a one-year low of 1.05 in December. The USDJPY exchange rate has strengthened to levels of potential concern for Japanese lawmakers, with calls for the Bank of Japan to raise interest rates to stymie yen weakness.