The US dollar is emerging as the leading currency of 2024, and is the undisputed leader in the foreign exchange market. While many global economies are facing challenges such as rapid inflation and geopolitical uncertainties, the greenback is posting its best performance in nearly a decade. This spectacular rise is based on several solid pillars: a robust US economy, attractive bond yields and a skillfully orchestrated monetary policy by the Federal Reserve. Added to this is a global context marked by the weakening of competing currencies, such as the yen or the euro, unable to compete with the supremacy of the dollar. This rise reflects the resilience of the United States, but also provides information on the economic fractures shaking the rest of the world.
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