Dollar Set to Snap 2-year Winning Streak on 2024 Rate Cut Bets

Dollar Set to Snap 2-year Winning Streak on 2024 Rate Cut Bets
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colo., on Nov. 3, 2009. Rick Wilking/Reuters
Reuters
Updated:
0:00

LONDON—The dollar edged higher on Friday but was still set to end 2023 with a loss, reversing two straight years of gains, dragged down by market expectations that the U.S. Federal Reserve could begin easing interest rates as early as March.

The greenback crept higher on the last trading day of the year although currency moves were mostly subdued amid a holiday lull leading up to the New Year.