January 2, 2026
The dollar is off to a soft start to 2026 after its biggest annual decline in eight years
Major currencies extend 2025 gains against dollar as markets await US data and Fed leadership signals The U.S. dollar made a weak start to 2026 on Friday after struggling against most currencies last year, while the yen remained near a 10-month low as traders awaited economic data to predict how central bankers steer interest rates this year. A narrowing of the interest rate differential between the US and other economies cast a shadow over the market last year, with most currencies gaining sharply against the dollar, with the exception of the Japanese yen. Concerns about the US budget deficit, the












