The U.S. Dollar Index (DXY) has reached its highest level since November 2022, closing at 108.8, marking a 0.27% increase on the first trading day of 2025. This surge positions the dollar for its strongest annual performance since 2015, with a yearly gain of 6.9%, the best since 2015. The dollar's strength is attributed to expectations of stable interest rates and potential policy shifts under the incoming Trump administration. In Brazil, the dollar opened slightly lower at R$ 6.1732 on the first trading day of 2025, but expectations are for it to strengthen throughout the year, influenced by potential tariffs from Donald Trump and limited Federal Reserve rate cuts. The Brazilian real faced pressure due to domestic fiscal concerns and global economic outlooks, with the dollar reaching R$ 6.2245 in early trading on January 2, 2025, reflecting a 0.75% increase. The dollar also strengthened by 0.4% against the Euro and reached 11.06 SEK/USD. In Brazil, the dollar futures were trading at R$ 6.236, and the dollar had an annual gain of 27.36% against the real in 2024.