Dollar records best annual performance since 2015

The US dollar rose further on the last trading day of 2024, rising to its highest since November 2022 The New Zealand dollar and Australian dollar lagged behind other currencies. The Bloomberg Dollar Index rose 0.4 percent, up nearly 8 percent for the year, its best annual performance since 2015, as a solid U.S. economy and President-elect Donald Trump's tax cuts and tariffs are expected to keep interest rates high.