The US dollar recorded its biggest annual drop since 2017.

The dollar rose on Odaily, erasing earlier losses after stronger-than-expected labor market data, but still recorded its biggest annual decline since 2017 after a year of interest rate cuts, fiscal concerns, and uncertain trade policies under President Trump. These factors are expected to persist into 2026, meaning the dollar's weakness is likely to continue and impact some major currencies, including the euro and the pound. Both the euro and the pound have risen significantly this year. For the year, the dollar fell more than 9%, while the euro rose more than 13%. The pound rose more than 7% against the dollar for the year.