🔴Summary of the Year for Currency Pairs: The Dollar Stumbles Towards Its Worst Year While the Yen Cautiously Regains Strength

⬅️ The US dollar is on track to record its worst annual performance since 2017, with traders betting on a more accommodative monetary policy (interest rate cut) next year.

⬅️ Positive GDP data did not prevent the Fed from sticking to interest rate cuts, keeping the dollar under continuous selling pressure.

⬅️ "Bullish" expectations for interest rates from the European Central Bank and the central banks of Australia and New Zealand, which enhances the strength of the opposing currencies against the weak dollar.

⬅️ The Japanese yen is regaining its strength after firm statements from Tokyo, amidst significant caution from traders regarding any direct official intervention in the market.

📌Impact of the News: A weak dollar supports gains in major currencies and metals, while the forex market awaits a violent move from the yen in case of intervention by the Japanese central bank$EURI