Economy Country February 03, 2025

USD Hits Two-Year High Amidst Economic Surge

The US dollar is experiencing its best performance in two years, rising 6.5% to 108, making it the top-performing currency among advanced economies.


USD Hits Two-Year High Amidst Economic Surge

At the end of last year, the US dollar appeared weak, not in the best way, and continued its decline into the new year. However, today it has achieved its best indicators over the past two years and is the most successful currency among developing economies in the world. The dollar index, which measures the American currency against a basket of six currencies (with the Japanese yen and euro being the main ones), demonstrated a stellar result last year.

Indeed, the dollar lost a significant part of its value in the last decade, but global financial markets are optimistically positioned against it. Other currencies, as a rule, offer limited future prospects, but not this time. The dollar continues to maintain high indicators, at least for now. Its value has increased by 6.5% to 108...