The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, edges lower after two days of gains, trading around 104.20 during the early European hours on Monday.
The US Dollar loses ground as the Fed may cut interest rates in September. CME Group’s FedWatch Tool suggests a 91.7% probability of a 25-basis point rate cut in September. US President Joe Biden abandoned his re-election bid and endorsed Vice President Kamala Harris to face Republican Donald Trump. The US Dollar Index , which measures the value of the US Dollar against six other major currencies, edges lower after two days of gains, trading around 104.
US Dollar FAQs What is the US Dollar? The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022.
Unitedstates Macroeconomics Majors
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Index rises toward 104.00 as yields improve, awaits ECB decisionThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, rebounds due to improved US Treasury yields.
Read more »
US Dollar Index Price Analysis: Three Black Crows pattern is bad omen for DollarThe US Dollar Index (DXY) is trading lower at 103.67. It is declining for the third week in a row, after peaking at 106.13 (June highs).
Read more »
Australian Dollar depreciates as US Dollar holds ground on hawkish FedThe Australian Dollar (AUD) extends its losses for the third successive session on Monday.
Read more »
Beloved Montgomerian, Congressional Gold Medal recipient Romay Davis dies at 104Beloved Montgomery resident and Congressional Gold Medal recipient Romay Davis has died, a close family friend confirmed to WSFA 12 News.
Read more »
Romay Johnson Davis, veteran of Black women’s WWII Army unit, dies at 104She was the oldest surviving member of the “Six Triple Eight,” the only predominantly Black unit of the Women’s Army Corps to serve overseas during World War II.
Read more »
Legendary San Jose State judo coach Yosh Uchida dies at age 104Uchida was a fixture at San Jose State over eight decades while turning the school into a national power in the martial art that made its Olympic debut at the 1964 Tokyo Games, where he coached the…
Read more »