Money in the Market: Will the US dollar erase all the gains in 2024 amid interest rate cuts?

This year, which saw roaring inflation and rising interest rates moving markets, currency pairs have hit historic highs. In fact, 2023 saw a strong start for the US dollar. But with interest rate cuts on the table for next year, how low can the US dollar go? Will it erase all the gains it saw in the past two years?  What about the Japanese yen? What’s next for the yen amid the possibility that the Bank of Japan may finally shift its monetary policy?  On Money in the Market, Hongbin Jeong speaks to Simon Harvey, Head of FX Analysis at MonFX, to find out more about the performance of forex markets in 2023 as well as the outlook for 2024. See omnystudio.com/listener for privacy information.