The US Dollar Index (DXY) begins the week on a quiet note, trading at 104.25, registering negligible changes despite the recent soft performances in data.
DXY Index is neutral, trading at 104.25, setting up for a quiet weekly start. Weaker data drives Fed officials' cautious stance, and financial conditions are improving. Markets continue to bet on an easing cycle starting in September, FOMC minutes on Wednesday will be key. The US Dollar Index begins the week on a quiet note, trading at 104.25, registering negligible changes despite the recent soft performances in data.
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.
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