U.S. Dollar Index

The US Dollar has been holding steady as of February.

The index declined briefly when the Federal Reserve revealed its plan to begin slashing interest rates over the coming year. This has not happened yet, however, and interest rates have remained high since August 2023.

So far, the index has had a return to form over 2024. It has continued to register around 115 for the first two months of the year, roughly in line with its average since the most recent Fed interest rate hike. We expect this to continue as long as high interest rates do. The Fed has hinted that they plan to cut interest rates sometime in the coming year, but have, for now, held firm.

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