The US dollar greenback is strengthening again after a bumpy 2023, as Wall Street accepts that interest rate cuts are coming later than previously expected, according to a media report. The US Dollar Index, which tracks the dollar against the British pound, euro, Swiss franc, Japanese yen, Canadian dollar, and Swedish krona, is up 2.8 percent for the year as of Friday. The US currency slid last November and ended the year lower against that basket of currencies as investors grew optimistic that the Federal Reserve would soon cut interest rates. A stronger dollar is bad news for American companies that generate most of their revenue overseas, since it means fewer dollars for their bottom lines when other currencies, such as the euro, are converted into US dollars. But it also means that US companies and consumers could spend less on imported goods, and Americans’ purchasing power increases when traveling abroad.