King dollar seen vulnerable in 2024 if Fed pivots

From nasdaq.com

The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024, though strength in the U.S. economy could limit the greenback’s decline. After soaring to a two-decade high on the back of the Fed’s rate hikes in 2022, the U.S. currency has been largely range-bound this year on the back of resilient U.S. growth and the central bank's vow to keep borrowing costs elevated. The dollar was on track for a 2% loss this year against a basket of its peers, its first yearly decline since 2020. The December Fed meeting marked an unexpected shift, after Chairman Jerome ... (full story)