The U.S. dollar has fallen to its lowest point in three years due to shifting trade policies and anticipated Federal Reserve rate cuts, which have caused capital outflows from the U.S. economy. Scandinavian currencies, such as the Swedish crown and Norwegian crown, have performed exceptionally well against the dollar this year. The euro, Swiss franc, and Japanese yen have also benefited from the dollar’s decline. In contrast, Argentina’s peso has weakened significantly. Meanwhile, Asian currencies have strengthened as capital flows back to the region. Sterling has risen nearly 9% this year, but analysts expect it to underperform other major currencies due to fiscal concerns and slowing growth. — new from Reuters
