💨 Abstract

On January 1, 2025, the U.S. dollar hit a two-year high, driven by expectations of stronger U.S. growth and higher interest rates compared to other nations. The Federal Reserve's cautious approach to rate cuts and Donald Trump's policies are contributing factors. The euro dropped to its lowest level since November 2022, while sterling and the Japanese yen also weakened against the dollar.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖