The US Dollar Index (DXY) is slowly declining as US markets prepare for the release of economic data this week.
Strong Consumer Confidence and Housing sector data didn’t trigger movements in the USD. Next highlight will be Wednesday’s Fed's Beige Book report where markets will get a clearer outlook on the US economy’s health. PCE and GDP revisions are the week’s highlights. The US Dollar Index is slowly declining as US markets prepare for the release of economic data this 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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