Dollar Faces Potential Downside Risk in 2024, Says Edmond de Rothschild CEO

According to Odaily, Benjamin Melman, CEO of asset management firm Edmond de Rothschild, has indicated that the U.S. dollar may encounter further downside risks next year. Melman noted that if concerns about U.S. interest rates resurface or if an artificial intelligence bubble unexpectedly bursts, the dollar could be at risk. The dollar has been weakening this year as the Federal Reserve has been cutting interest rates. The U.S. Dollar Index (DXY) recently fell by 0.05% to 98.59, having reached a three-and-a-half-year low of 96.218 in mid-September.