Thursday, 30 September 2021

Overview on US Dollar Index (DXY)

US Dollar Index (DXY), which measures the volatility of the greenback with 6 major currencies (#EUR, #JPY, #GBP, #CAD, SEK, #CHF) standing above 94.0 points.

The greenback in the international market continued to appreciate when the US economy faced many uncertainties.  The USD rose to the highest level since November.- According to experts, world inflation tends to increase and is no longer a "transient" phenomenon as assessed by central banks in a few months.  via.  This scenario will probably cause the US Federal Reserve (Fed) to start tightening quantitative easing from November.

The greenback rose as US Treasury Secretary Janet Yellen testified in the US Senate that if the Biden administration failed to raise the public debt ceiling, it would lead to a financial crisis.


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