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🔵DOLLAR'S FUTURE AMID RATE REDUCTION

🔵DOLLAR'S FUTURE AMID RATE REDUCTION

Day: 10 | Time: 15:14:26.000Z The Federal Reserve of the United States could start reducing interest rates by the end of the year, which could make future trips abroad more expensive for US travelers. The direction of interest rate policies affects the strength of the US dollar. Increasing interest rates support a stronger dollar compared to foreign currencies, while decreasing rates tend to weaken the dollar. Financial experts are divided on the future of the dollar, and some believe its strength may persist. The strength of the dollar can provide a discount on purchases abroad. The dynamics of the dollar are influenced by many factors, not just interest rates, such as the interest rate differential between the US and other nations. A strong US economy and foreign capital flows into the US can also support the strength of the dollar.

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Source: Yahoo, Bloomberg , Reuters, Trading Economics,