On Thursday, the US Dollar as presented by the DXY, experienced a mild surge after a stronger-than-expected Q2 Gross Domestic Product (GDP) report, balancing out previous losses and finding stability at 104.30.
US Dollar DXY trimmed losses after robust Q2 GDP figures US economy appears to remain resilient but dovish bets on the Fed remain steady. In the meantime, the Fed maintains a data-dependent stance and refrains from rushing into immediate cuts. On Thursday, the US Dollar as presented by the DXY, experienced a mild surge after a stronger-than-expected Q2 Gross Domestic Product report, balancing out previous losses and finding stability at 104.30.
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.
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.
Canadian Dollar mixed on Thursday as CAD traders await Canadian GDPThe Canadian Dollar (CAD) gave a mixed performance on Thursday after a data-light economic calendar on the Canadian side left the CAD to twist amid a mixed print in key US figures.
Read more »
US Dollar Index (DXY) Listless After Core PCE Meet ForecastsThe latest Core PCE data met market estimates across all readings leaving the US dollar rudderless going into the weekend.
Read more »
US Dollar (DXY) Unchanged on Mixed US NFPs, Gold Grabs a Small BidThe latest US Jobs Report showed 206k new jobs created vs. expectations of 190k. Last month’s figure however was revised sharply lower from 272k to 218k.
Read more »
US Dollar (DXY) Back to Flat on the Day After German Inflation and US ISM DataThe US dollar opened the week lower, knocked back by Euro strength, but is now trading at its best levels of the session after the latest German inflation data and US ISM report.
Read more »
DXY: Turns bearish across the boardThe Dollar Index (DXY) rose from 104.25 to 104.40 during the Asian session.
Read more »
DXY: Under pressure from the futures marketThe Dollar Index (DXY) depreciated 1.7% in the first fortnight of July to 104.09.
Read more »