The US Dollar Index (DXY) is currently trading around the 105.35 mark, posting mild gains on Friday near the end of the trading week.
Notable monetary divergence between Fed, G10 peers keeps USD afloat. Markets await further economic reports for insights into theUS economy's health for potential adjustments to Fed expectations. Next week’s highlight will be April’s US CPI. The US Dollar Index is currently trading around the 105.35 mark, posting mild gains on Friday near the end of the trading week.
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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