The U.S. Dollar Records Its Largest Annual Decline Since 2017

Odaily News The U.S. dollar rose on Wednesday, erasing earlier losses after stronger-than-expected labor market data. However, following a year of interest rate cuts, fiscal concerns, and uncertain trade policies under the Trump administration, the dollar still recorded its largest annual decline since 2017. These factors are expected to persist into 2026, suggesting the dollar's weakness may continue and affect some major currencies, including the euro and the British pound. Both the euro and the pound have risen significantly this year. For the full year, the dollar fell by over 9%, while the euro gained over 13%. The pound rose by over 7% against the dollar for the year.