Will the US dollar continue to fall? Three major factors will determine December's trend
The US dollar is facing multiple pressures. On December 3rd, the US Dollar Index (DXY) was at 99.24, marking its ninth consecutive day of decline; the EUR/USD pair rose for the eighth straight day, currently at 1.1637 at the time of writing. Will the dollar continue to fall? The answer depends on three key factors.
**Expectations of rate cuts put pressure on the dollar**
The ongoing anticipation of a rate cut by the Federal Reserve is the main driver behind the dollar's weakness. According to the CME FedWa
View OriginalThe US dollar is facing multiple pressures. On December 3rd, the US Dollar Index (DXY) was at 99.24, marking its ninth consecutive day of decline; the EUR/USD pair rose for the eighth straight day, currently at 1.1637 at the time of writing. Will the dollar continue to fall? The answer depends on three key factors.
**Expectations of rate cuts put pressure on the dollar**
The ongoing anticipation of a rate cut by the Federal Reserve is the main driver behind the dollar's weakness. According to the CME FedWa