The US Dollar Is Heading Towards Its Worst Month In A Year After Falling By More Than 3%

The dollar index fell by 3.6% as of November 28 , and that is the biggest low Monthly since November last year, Expectations have increased that the Federal Reserve may begin cutting interest rates in 2024

Interest rates tend to enhance the value of a currency by making it more attractive to global investors hoping to achieve greater returns, and when Federal Bank begin raising interest rates in 2022 to combat inflation ,the dollar rises by 20% But the weakness of the dollar means that American companies and they will get hurt down the road to pay more for imported goods