The U.S. dollar closed to a nearly 7% year-to-date gain on Friday, while the Japanese yen is headed for a fourth consecutive year in the red.
The dollar index, which compares the U.S. currency against others, rose 0.08% on Friday. It is expected that the dollar will end the year 6.6% higher than last year, writes Reuters.
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The US Federal Reserve has lowered interest rates from their peak by a full percentage point, and the course of the cuts will be more or less clear only until next summer, as analysts’ views are changing.
Since the Federal Reserve and its chairman Jerome Powell signaled with their messages after the political meeting that they expect interest rate cuts to be essentially half the size next year, the major stock indices reacted extremely painfully.
The US Federal Reserve, which has just finished its meeting, decided to lower the base interest rate range by 25 points, which is now 4.25-4.50 percent.
As a result of US economic growth, the Federal Reserve may start raising interest rates next year, said Juhan Lang, investor and head of Äripää’s investment department.
Telia’s Digital Cleaning Day will take place already on January 31. Let us remind you how digital cleaning was carried out this year in the Estonian Defense Forces, where tens of terabytes of digital ice was deleted from IT systems and equipment.
Source: www.aripaev.ee
