The US Dollar Index (DXY) is showing a sharp recovery, hovering around the 105.00 mark on Wednesday.
A sharp recovery in US Dollar triggered by cautious market sentiment. Bets for interest rate cut at the September Fed meeting continue to receive pressure from Fed officials. US Treasury yields also fuel recovery in USD with 2-year yield rising to 5.00%. The US Dollar Index is showing a sharp recovery, hovering around the 105.00 mark on Wednesday. Amid this climate, investors remain risk-averse.
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.
US Dollar scores mild gains in quiet TuesdayThe US Dollar Index (DXY) is trading at 105, registering mild gains.
Read more »
Dollar Index Price Forecast: DXY falling within channelThe US Dollar Index price (DXY) is declining within a multi-month long rising channel after touching the top borderline and rolling over.
Read more »
US Dollar Forecast: DXY moves off multi-week lows, FOMC Minutes eyedA dreadful week for the Greenback saw the USD Index (DXY) retreat to the area of five-week lows in the 104.00 neighbourhood, managing to regain some composure in the latter part of the week.
Read more »
US Dollar Forecast: DXY extends recovery ahead of US PCE inflation dataFollowing the recent drop to five-week lows, the US Dollar (USD) managed to stage quite a marked comeback in the past five days.
Read more »
Homeless Initiative awarded $51.5 million to assist 105 Freeway and river encampmentsCalifornia awards L.A. County homelessness initiative $51.5 million to help house people living in encampments along the 105 Freeway corridor.
Read more »
Ohio postal worker in USPS van caught passing Ford Mustang at 105 mph during race'Yeah, I mean that Mustang took off. He caught my attention, and then you blew by him, and I was pacing you at like 105.'
Read more »