The dollar further strengthened on the last trading day of 2024, reaching its highest level since November 2022. The New Zealand dollar and the Australian dollar underperformed compared to other currencies. The Bloomberg Dollar Index rose by 0.4%, with an annual increase of nearly 8%, marking the best annual performance since 2015, due to the robust U.S. economy and the expectation that incoming President Donald Trump's tax cuts and tariff policies would keep interest rates high.