PT Solid Gold Berjangka | Dollar Caps First Annual Drop Since 2020; Franc Up
USD GBP/USD EUR/USD USD/JPY, AUD/USD, USD/CHF PT SGB SOLID GROUP SG BERJANGKA SOLID GOLD BERJANGKA
Solid Gold Berjangka | The information you provided outlines the mixed performance of the US dollar against other currencies in the final session of the year. Here are some key points:
- Dollar Index: The Bloomberg Dollar Spot Index, a gauge of the dollar’s strength against a basket of other currencies, was little changed after recovering from an earlier loss. The index has experienced a 2.7% decline throughout the year, marking its first annual loss since 2020. This decline is attributed to expectations that the Federal Reserve will implement aggressive interest rate cuts in 2024.
- Swiss Franc (CHF): The Swiss franc outpaced its G-10 peers, with USD/CHF experiencing a 0.4% loss on the final session. Despite closing lower on Thursday, the Swiss franc briefly set a new eight-year high versus the euro. The USD/CHF pair posted its most significant yearly loss since 2010.
- Euro (EUR): EUR/USD slipped 0.2% to 1.1043 amid cross-related and fix flows. The common currency showed a 1.4% gain for the month.
- Japanese Yen (JPY): USD/JPY fell 0.3% to 140.97 due to a spike in flows around the London fix. The pair is set for a third consecutive year of gains, driven by a wide interest-rate gap between the Bank of Japan and the Federal Reserve.
- British Pound (GBP): GBP/USD rose 0.2% to 1.2755 on the final trading day and recorded a 1.1% gain in December.
- Australian Dollar (AUD): AUD/USD dipped 0.2% to 0.6819, paring a loss of as much as 0.7% amid interbank activity at the London close. The Australian dollar showed a 3.2% increase in December.
The information reflects the various factors influencing currency movements, including interest rate expectations, economic data, and geopolitical events. If you have any specific questions or need more details, feel free to ask.