King dollar's worst slump in over a decade is hammering one of 2022's biggest winners – but the greenback's dominant run might not be over just yet

Dec 8 2022 by Business Insider

 
The dollar's dominant run could carry on into 2023 if energy prices soar.

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The dollar had its worst month in 12 years in November, and has extended losses since. Market expectations that the Federal Reserve will slow the pace of its interest-rate increases have pushed the greenback off its peaks. Still, the dollar could advance next year thanks to its safe-haven status as recession risks rise, strategists told Insider.

The dollar has lost some of its shine after a sizzling...

Continue Reading King dollar's worst slump in over a decade is hammering one of 2022's biggest winners – but the greenback's dominant run might not be over just yet