The DXY index bottomed at weekly lows and managed to trim Wednesday’s losses The Fed's stance seems slightly dovish, unmistakably resisting overreaction to two months of hot inflation. S&P PMIs came in mixed, Jobless Claims figures came in stronger than expected. The US Dollar Index is currently trading at 103.80, marking a 0.50% increase, almost trimming all of Wednesday’s losses.
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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