The dollar rose on Wednesday, erasing earlier losses after stronger-than-expected labor market data, but it still posted its biggest annual decline since 2017 following a year of interest rate cuts, fiscal concerns, and uncertain trade policies under President Donald Trump.These factors are expected to persist into 2026, suggesting that the dollar’s weakness may continue and affect some major currencies, including the euro and the pound. Both the euro and the pound have risen sharply this year.For the year, the dollar fell by more than 9%, while the euro rose by more than 13%. The pound rose by more than 7% against the dollar over the course of the year.