Analysts Predict Dollar's Strength To Persist In Early 2024

According to BlockBeats, analysts from Bank of America have indicated in a recent report that the U.S. dollar is expected to maintain its strength in the first half of 2024 before gradually declining from its historical high valuation. They noted that President Donald Trump's trade tariff policies continue to suggest a strong dollar in the short term. Additionally, concerns over the persistence of U.S. inflation may lead the Federal Reserve to halt interest rate cuts in the foreseeable future.