The U.S. dollar has shown broad strength in the foreign exchange market, particularly since early morning on December 26, 2024. Among the currencies that depreciated against the dollar, the Japanese yen (JPY) experienced the largest decline with a -0.317% return, while the Mexican peso (MXN) was the strongest performer against the dollar, posting a 0.185% return. The latest currency strength rankings indicate that the USD, EUR, CHF, GBP, AUD, JPY, CAD, and NZD are among the strongest currencies, while other currencies are relatively weaker. Additionally, as of December 26, 2024, the dollar accounts for 58% of global foreign exchange reserves, a figure that, although lower than its historical peak, remains significantly above levels seen in the early 1990s. Recent volatility-adjusted returns for USD crosses showed that 19 out of 28 had positive returns, while for EUR crosses, 8 out of 13 were positive.
🇺🇸 The U.S. Dollar currently accounts for 58% of global foreign exchange reserves. While that's down from its peak, it is still well above the lows from the early 1990s. Despite calls for its demise, the dollar $USD isn't going anywhere. https://t.co/QGrQhQZprO
USD has broadly strengthened since 5AM this morning, with $JPY, $GBP, and $NZD depreciating the most vs. USD. The $MXN was strongest vs. USD with a 0.185% return, while the $JPY was weakest vs. USD with a -0.317% return. #Forex https://t.co/yEAfe0Gypk
"The United States would not talk about international monetary reform … because a superpower never pushes international monetary reform unless it sees reform as a chance to break up a threat to its own hegemony." Nobel Memorial Prize Winner Robert Mundell 1997 https://t.co/iiafY5E8si