Analyst: The US dollar rises slightly after a poor year

2026-01-02 12:27:34

Odaily Planet Daily reports that on the first trading day of 2026, the US dollar edged higher, despite being in a weak position after last year’s US dollar index experienced its worst year since 2017. LSEG data shows that the DXY index, which measures the dollar against a basket of trade-weighted currencies, fell 9.37% in 2025. Concerns over Trump’s tariff policies, increased diversification into safe-haven dollars by investors, and heightened hedging against dollar depreciation all contributed to the dollar’s weakness. (Jin10)

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