The US Dollar Index (DXY) is declining on Monday and fell to 105.70.
DXY Index is noting losses at the start of the week, declining toward 105.70. Resilient US economy, hawkish Fed are likely to keep pressure on yields, which may limit losses. Markets foresee a hold on interest rates for Wednesday’s Fed meeting. The US Dollar Index is declining on Monday and fell to 105.70. The Bank of Japan 's recent intervention led to a slight drop in the USD value.
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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