We expect 2024 to be a year of diverging trends for the dollar. It will likely move lower on a broad trade-weighted basis early in the year but stabilize as the year progresses. Although we expect a general downward drift for the dollar, performance of individual currencies will likely vary widely. For those investing internationally, it means that there is opportunity when allocating to foreign markets, but it will be important to be selective. Currency fluctuations can affect returns—either positively or negatively. The key driver of the dollar's direction should be monetary policy. In 2024, central banks around ... (full story)