Euro Rises to 14-Month Peak as Dollar Weakens
On Wednesday, the dollar hit a 14-month low against the euro as traders wagered that the Federal Reserve will make another significant rate cut at its November meeting due to
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What Is the U.S. Dollar Index (USDX) And What Currencies are included in it
The U.S. dollar index (USDX) is a metric that quantifies the value of the U.S. dollar in reference to a basket of foreign currencies. The U.S. Federal Reserve established the
Dollar in Distress: Currency Faces Challenges so far this Week, All Eyes On Powell’s Speech
In view of the fact that Fed Chair Powell is scheduled to make an appearance soon, market watchers are preparing themselves for additional difficulties for the dollar. In spite of
UK Economy Bounces Back: GDP Growth Gives Pound a Boost
The euro maintained over $1.10, close to its seven-month high the day before, supported by data suggesting decreasing U.S. inflation, which bolstered predictions of a Fed rate drop next month.