is generally viewed as a safe haven where nervous investors funnel their money in turbulent times. relatively less attractive to investors, Zandi said. However, the Fed has signaled it's near the end of its rate-hiking cycle, whereas rates continue to move higher in Europe and the U.K. bonds since they could earn more money, helping buoy the dollar, Goltermann said. Central banks in Europe didn't hike rates as aggressively - and the resulting differential in interest rates meant investors gravitated to U.S. Federal Reserve started raising interest rates in March 2022 to tame persistently high inflation. Interest rates are generally the biggest driver of currency moves, Goltermann said. There are a few reasons the dollar strengthened - and subsequently weakened - relative to the euro and other currencies. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
