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A recent Reuters report indicates the dollar may lose its stronghold on financial markets, which it maintained throughout 2022. While the dollar had its best performance since 2015, rising against nearly all foreign currencies this year, Forex strategists foresee a shift in 2023. Most expect major and Emerging Market currencies to gain marginally against the dollar in the next year. Notably, the euro-dollar pair, which declined nearly 13% last year, is only expected to recover about a third of those losses according to currency strategists.
