.jpg "Real estate market in the south of Hai Duong city is bustling")
.jpg "Extremely dangerous forest fire risk in Kinh Mon, Chi Linh")
-ac017d3d3ce25d3405471795d6bb26f0.jpg "Gia Loc needs over 10 billion VND to invest in renovating and expanding landfills.")
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The infographic below shows the growth of the USD against a number of major currencies, with data as of October 10, 2024 from PinPoint Macro Analytics...
In 2024, the USD will see a significant decline against many major currencies in the world due to the forecast of the first interest rate cut by the US Federal Reserve (Fed) since the Covid-19 pandemic. This interest rate cut will take place in September 2024 with a reduction of 0.5 percentage points. Lower interest rates may reduce the attractiveness of the USD compared to other currencies, especially in economies with higher interest rates.
The infographic below shows the rise/fall of the USD against a number of major currencies, with data as of October 10, 2024 from PinPoint Macro Analytics.
Accordingly, the USD lost the most value against the Thai baht (THB), Polish złoty (PLN) and Malaysian ringgit (MYR). In contrast, the USD appreciated the most against the Turkish lira (TRY) and Mexican peso (MXN).
