US Dollar Slides Toward Worst Year Since 2017: Yen Intervention Watch and What a Weaker Greenback Means for 2026 Investors
The U.S. dollar fell to a 2½-month low near 97.77 in late December, putting it on track for a 9.8% annual drop—its steepest since 2017. The euro climbed over 14% year-to-date, its best since 2003. Investors expect the Federal Reserve to cut rates further in 2026. Traders remain alert for possible yen intervention by Japanese authorities.