dxy to remain sticky around 98.50 ahead of Fed Powell’s speech
The U.S. Dollar Index is an index of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro , Japanese Yen , British Pound , Canadian Dollar , Swedish Krona and Swiss Franc . The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index .
The US Dollar Index news can be seriously affected by the decisions taken by these organizations and people:. The Fed controls the monetary policy, through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.: events as administration statements, budget, new laws and regulations or fiscal policy can increase or decrease the value of the Dollar Index.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Index struggles for direction around 98.20The greenback, when tracked by the US Dollar Index (DXY), trades without a clear direction around 98.20 at the beginning of the week. US Dollar Index
Read more »
USD/CHF Price Analysis: Retreats from 0.9370s to 0.9320s despite firm US dollarAfter reaching a daily high at 0.9375, and a daily low at 0.9314, the USD/CHF stabilizes below January’s 31 pivot high at 0.9343, amid a risk-on marke
Read more »
USD/MXN grinds lower as bears eye 20.15 despite a firm US dollarUSD/MXN grinds lower as bears eye 20.15 despite a firm US dollar By christianborjon USDMXN EmergingMarkets Currencies Macroeconomics Technical Analysis
Read more »
Amid Russia's War, Some US Hawks Are Calling for Trillion-Dollar Military BudgetPundits are pushing for trillions of additional dollars for the Pentagon, saying that Russia’s invasion of Ukraine marks the beginning of a new Cold War.
Read more »
WSJ News Exclusive | U.S. Sends Patriot Missiles to Saudi Arabia, Fulfilling Urgent RequestThe Biden administration sent Patriot missiles to Saudi Arabia, fulfilling Riyadh’s urgent request for a resupply amid bilateral tensions, U.S. officials said
Read more »
US Senate opens historic Supreme Court confirmation hearings - KRLD News - Omny.fm
Read more »