The US Dollar Index soars above 106.50 on Monday. DXY surges higher driven by Trump's warnings on tariffs against BRICS nations Strong November ISM manufacturing PMI helps the USD. The US Dollar Index , which measures the value of the USD against a basket of currencies, has surged above the 106.50 level on Monday, the first trading session in December.
In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.
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