Let’s finish our recap of the year for the U.S. dollar by breaking down the downtrend we saw in the Greenback between October to December 2024.
Once again, because the U.S. dollar is the global reserve currency and the U.S. financial system is the largest and “safest” in the world, movements in the U.S. dollar and U.S. yields are massively influential across the broad financial markets.
So, it’s usually a good practice to review its behavior around events and news catalysts, identify patterns and correlations to gain insights and understanding, potentially improving our ability to recognize significant drivers and anticipate future moves.
Here’s a chart to help visualize the Dollar’s behavior, overlayed with notable economic and event catalysts:
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