What Is the U.S. Dollar Index (DXY)? The U.S. Dollar Index (DXY) is a measure of the dollar’s strength against a basket of six leading global currencies: The index provides a broad overview of the dollar’s performance in the global currency market. A rising DXY means the dollar is gaining
Indian Metal Stocks Suffer Amid Dollar Surge and Trade War Fears On February 3, 2025, Indian metal stocks experienced a sharp decline, with shares of leading companies like Vedanta, NALCO, and NMDC falling by nearly 6%. The slump was triggered by a rise in the US Dollar Index, which spiked
Will a Strong Dollar Keep Crude Under Pressure? Crude Oil prices edged lower on Monday in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened dollar. Brent crude futures settled down or 0.43%, at $72.63 a barrel. U.S. West Texas Intermediate
US Dollar Index Gains Amid Mixed Jobs Data; CPI to Set Next Direction The U.S. dollar advanced on Friday, rebounding from earlier losses driven by mixed employment data and investor positioning ahead of a critical inflation report due next week. The report could shape market expectations regarding potential interest rate
BRICS Nations Battling to defend their currencies – Can India Hold the Line?” The Indian Rupee at a Historic Low Amid Yuan Slump and Dollar Strength The Indian Rupee hit an all-time low, pressured by a significant decline in the offshore Chinese Yuan, which fell to a one-year low. Persistently
Rupee Hits Over Two-Week High on Dollar Inflows: What’s Next? The Indian rupee strengthened to a two-week high of 84.26 on Monday, supported by dollar inflows tied to MSCI equity index rebalancing and gains in regional currencies. This marks a 0.15% rise from Friday’s close of 84.4450, when the rupee
The US dollar held near a 2.5-month high on Tuesday, supported by expectations that the Federal Reserve will take a cautious approach to cutting interest rates, while a tight U.S. election race kept investors on edge. The US dollar strength, fueled by rising Treasury yields, continued to pressure the yen,
The Indian rupee fell below 84 per dollar for the first time on Friday, pressured by concerns over the recent spike in oil prices and foreign outflows from the equity market. The rupee closed at 84.06, after hitting a record low of 84.08 earlier in the session on Friday. This
The US Non-Farm Payroll data is expected to drive volatility in the markets. Dollar Index: The dollar rose to a six-week high on Thursday as data showed a still-solid economy while safe haven demand on concerns about rising Middle East tensions and the impact of a dockworker strike also boosted
The USD/JPY climbed late on Monday, with the US dollar gaining over 1% against the Japanese Yen, trading at 143.69 after Federal Reserve Chair Jerome Powell made remarks in the news. Powell stated that inflation for goods and services has broadly returned to pre-pandemic levels, noted a significant decline in
