ChainCatcher news, according to Jin10 reports, analysts at Rabobank stated in a report that due to the Federal Reserve becoming more cautious about interest rate cuts, the US dollar has surpassed the British pound thus far this year, becoming the best-performing G10 currency. The Federal Reserve implemented a highly anticipated 25 basis point rate cut last Wednesday, but also suggested that the pace of rate cuts would slow down. The Bank of England kept interest rates unchanged as expected last Thursday, but three members voted in favor of a rate cut.

According to the latest data from the Commodity Futures Trading Commission, prior to the announcement of these two decisions, the US dollar holdings turned into a net long position for the first time since November 5, while the long positions in the British pound decreased during the week ending December 17. Long positions are bets that asset prices will rise.