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See the latest news, articles and videos for the US Dollar Index. Read more US Dollar Index (DXY) Price Today, Forecast, Charts & News The US Dollar Index (DXY) is a measure of the value of the United States dollar relative to a basket of foreign currencies. The Index is designed to provide a reliable and timely measure of the U.S. dollar's performance in the foreign exchange markets. Read more US Dollar Index News | DXY News | US Dollar Index Chart Stay up-to-date with the latest US Dollar Index news and analysis. Get the latest US Dollar Index (DXY) news, analysis and quotes. Follow the DXY price and get the latest US Dollar Index news on our DXY page. Read more US Dollar Index News, Analysis and Chart – TradingView The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies. Read more US Dollar Index News – Investing.com The US Dollar Index (USDX) is an
Dollar ended as the strongest performer last week, boosted by a surge in U.S. Treasury yields following persistent inflation data. Despite expectations of another 25bps rate cut at the upcoming FOMC meeting, stubborn price pressures are likely to slow the pace of policy easing next year. Adding to the caution, inflation uncertainties under the incoming administration's fiscal and trade policies will keep Fed on guard, discouraging aggressive action. Technically, the Dollar Index’s near-term bullishness remains intact, though another strong rally would hinge on whether 10-year yield can make significant new gains.
The global currency and equity markets enter a critical phase this week, as several major central banks prepare to announce policy decisions. In early European trading on Tuesday, the US Dollar Index (DXY) edged slightly higher, hovering near 107 level
A 25bp cut is more or less a done deal but the focus is on the refreshed dot plot, which will provide guidance on Fed members’ expectation on rate cut trajectory into 2025 - 26. Dollar Index (DXY) was last seen at 107.00, OCBC’s FX analyst Frances Cheung and Christopher Wong note.
The Indian rupee depreciated beyond the psychologically crucial mark of 85 a dollar right at open on Thursday, as the dollar index rose to over two-year high after the US Federal Reserve indicated fewer rate cuts in 2025. The local currency declined 11 paise against the greenback to a record low of 85.07 so far today, according to data on Bloomberg.
FX markets received a wakeup call from a hawkish Fed, with USD up over 1% overnight post-FOMC. December seasonality of US Dollar (USD) softness doesn’t seem to apply for Dec-2024 so far. The Dollar Index (DXY) was last at 108 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index surged to 108.541, its highest since November 10, 2022, driven by the Fed's hawkish stance and strong US GDP data. It eased to 107.82 on Friday, down 0.55%, but gained 0.82% for the week. Ten-year US yields hit a high of 4.59%, closing at 4.53%, up 3% weekly, while two-year yields peaked at 4.37% before settling at 4.31%, a 2% weekly gain.