Dollar Maintains Strength Following Fed Minutes

1 min read
Source: CNBC
Dollar Maintains Strength Following Fed Minutes
Photo: CNBC
TL;DR

The US dollar remained steady after the Fed's December meeting minutes, which indicated a cautious approach to rate cuts, contributing to the dollar's year-end decline of nearly 10%. The dollar index slightly rose, while the euro and yen experienced minor changes. Meanwhile, China's yuan broke a 2.5-year high against the dollar, defying central bank guidance amid year-end dollar sales by exporters.

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