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(Illustration: Reuters)
SINGAPORE - The US dollar is headed for its worst annual performance in more than two decades as investors wager that the Federal Reserve will have room to cut interest rates further next year, even as some of its peers look set to start raising them.
The greenback stayed on the back foot in Asian trade on Wednesday, with a solid US economic growth reading failing to move the dial on the rate outlook, leaving investors pricing in roughly two more Fed cuts in 2026.
The first Federal Open Market Committee (FOMC) meeting of 2026 will take place on Jan 27 and 28.
“We expect the FOMC to compro
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