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  • The Rate Gap Is Converging — the Bank of Japan Hiked While the Fed Cut
    The Dollar's 2025: Worst First Half Since 1973

    us dollar
    foreign exchange
    bank of japan
    federal reserve
    currency markets

    The US dollar index fell 10.8% in the first half of 2025, its worst such performance in over fifty years. The interest rate differential driving currency flows is now narrowing rather than widening.

    31 Jan 2026

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