US Dollar gains some ground as sellers take breather, outlook tilted to downside

DXY Index trading exhibits modest gains, rising to 104.45. Markets hope Fed announces early rate cut due to lower-than-expected CPI data. Weak Initial Job Claims, declining Philadelphia Fed Manufacturing support dovish rhetoric. The US Dollar Index is mildly trading up at 104.45 on Thursday as sellers seem to be consolidating the sharp downward movement from Wednesday's session.

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.

Coin Coin Latest News, Coin Coin 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.
Source: FXStreetNews - 🏆 14. / 72 Read more »

US Dollar sees mild gains amid remarks from Fed speakersThe US Dollar Index (DXY) is currently trading with mild gains at 105.45.
Source: FXStreetNews - 🏆 14. / 72 Read more »

US Dollar sees mild gains ahead of eventful weekThe US Dollar Index (DXY) is mildly edging higher on Monday, currently trading at 106.20.
Source: FXStreetNews - 🏆 14. / 72 Read more »