The US Dollar (DXY), which tracks the Greenback’s value against six major currencies, extends its upside to near 104.30 in Friday’s European session after a sharp recovery from an almost four-month low of 103.65 this week.
The US Dollar rises further as market participants see Donald Trump winning Presidential elections this year. Investors expect that the Fed cut interest rates twice this year. Fed Williams and Bostic are scheduled to speak on Friday. The US Dollar , which tracks the Greenback’s value against six major currencies, extends its upside to near 104.30 in Friday’s European session after a sharp recovery from an almost four-month low of 103.65 this week.
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. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
Fed Inflation Unitedkingdom Yieldcurve
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US Dollar Index rises toward 104.00 as yields improve, awaits ECB decisionThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, rebounds due to improved US Treasury yields.
Baca lebih lajut »
US Dollar Index Price Analysis: Three Black Crows pattern is bad omen for DollarThe US Dollar Index (DXY) is trading lower at 103.67. It is declining for the third week in a row, after peaking at 106.13 (June highs).
Baca lebih lajut »
Man caught attempting to smuggle 104 live snakes in his pants at China borderA man attempting to smuggle 104 live snakes in his pants was caught at a Chinese border this week, according to the country’s customs authority.
Baca lebih lajut »
Man caught trying to smuggle 104 live snakes — in his pantsThe man went through the “nothing to declare” line when crossing from Hong Kong into mainland China. A search found his pockets full of writhing, scaly contraband.
Baca lebih lajut »
Smuggler is caught with 104 snakes in his pants at Chinese borderAishwarya Thapa Chhetri is an intern for NBC News based in Hong Kong.
Baca lebih lajut »
Chinese Customs caught man with 104 snakes in his pantsAndrew Paul is Popular Science's staff writer covering tech news. Previously, he was a regular contributor to The A.V. Club and Input, and has had recent work featured by Rolling Stone, Fangoria, GQ, Slate, NBC, as well as McSweeney's Internet Tendency. He lives outside Indianapolis.
Baca lebih lajut »