The US Dollar Index (DXY) is trading mildly higher at 105.80.
Fed Chair Powell signals inflation still remains high despite significant easing, suggesting an uncertain path forward. Powell acknowledges that strict monetary policy has balanced both inflation and an overheated economy, leveling dual goal risks. Weekly Initial Jobless Claims came in steady. The US Dollar Index is trading mildly higher at 105.80.
This indicates that the buying force is weakening while bears push downwards. 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.
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