A weak dollar is not necessarily bad, nor is a strong dollar necessarily good. A weak dollar makes imported goods more expensive for American consumers to buy, but it makes American goods a relative bargain abroad. American companies with a global reach can do well when the dollar is weak w...
If you’ve Googled “U.S. Dollar Index”, you might’ve seen three acronyms associated with the phrase:USDX,DX, andDXYand wondered, “What the heck is the difference between them?!” What is USDX? USDX is the umbrella term for the U.S. Dollar Index. You can’t go wrong using thi...
The Dollar Index (DXY) should arouse our interest as well. Take care of your financial skills: Get familiar to the terms ofTechnical Analysisand Fundamental Analysis. Many of us wonders what to invest in. Have a look atForexsection, but have in mind, thatFXMAG.COMisn't only about currenc...
The US dollar has strengthened this month as markets moved to reprice the peak fed funds rate amid robust US economic data in recent weeks. However, we maintain the view that the near-term boost to the USD is likely to be short-lived. We expect the currency to weaken by year-end. ...
Thistradingstrategy is reserved for more patient traders as their position may take weeks, months or even years to play out. You can observe thedollar index (DXY)reversing its trend direction on a weekly chart below. A reversal is a result of the huge monetary stimulus provided by the US ...
The election can have a significant impact on the dollar but predicting the exact nature of this impact involves a fair amount of speculation (“guessing”). Since the candidates aren’t even finalized yet, we’ll have to wait and see. ...
The article focuses on the relationship between the future value and stability of the U.S. currency dollar and the Chinese currency yuan. Topics discussed include the financial firm Bloomberg's data on the average spread between the U.S. dollar index spot (DXY) and the Chinese Yuan (CNY);...
The Mexican peso USDMXN was tumbling on Monday afternoon, weakening by over 4% to trade at 17.70 against the U.S. dollar in the worst daily showing for the currency since June 2020. The ICE U.S. Dollar Index DXY, a gauge of the greenback’s stre...
A multibillion-dollar bet thatbitcoincan act as a "reserve currency" for the crypto economy is already being tested as UST, a controversial stablecoin, struggles to maintain its $1 peg. UST dropped close to 99 cents over the weekend, fueling fears of a potential "bank run" that could forc...
they provide the same advantages as the larger Bitcoin futures. These futures are settled on a regulated exchange, ensuring price discovery and transparency, using the CME CF Bitcoin Reference Rate (BRR). The CME CF BRR is a daily reference rate of the United States dollar price of one BTC ...