The dollar is one of the few assets that’s gone down, rather than up this year – and analysts are warning that there could be bleaker times ahead for the greenback now that the Federal Reserve looks set to wind down its interest-rate hiking campaign.
The US Dollar Index, which tracks the buck against a basket of six other currencies, including the euro, the British pound, and the Japanese yen, has dropped 3% year-to-date and 10% since September.
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