The US dollar will record its biggest annual decline in eight years. Investors believe that if the next chairman of the Federal Reserve takes more in-depth measures to cut interest rates as expected, the dollar will weaken further. So far this year, the Bloomberg Dollar Spot Index has declined by 8.1%. The dollar plummeted after Trump announced the “Liberation Day” tariffs in April, then continued to be under pressure as he acted aggressively to secure the appointment of a dovish as the chairman of the Federal Reserve next year.

The US dollar will record its biggest annual decline in eight years. Investors believe that if the next chairman of the Federal Reserve takes more in-depth measures to cut interest rates as expected, the dollar will weaken further. So far this year, the Bloomberg Dollar Spot Index has declined by 8.1%. The dollar plummeted after Trump announced the “Liberation Day” tariffs in April, then continued to be under pressure as he acted aggressively to secure the appointment of a dovish as the chairman of the Federal Reserve next year.