DXY rally extends into Friday, hitting its highest level since early May. Consumer Confidence from the UoM figures come in below expectations, dampening the market mood, but DXY maintains its daily gains. US Treasury yields remain low, signaling a risk-off market environment. On Friday, the US Dollar Index shrugged off weak data releases and continued its positive traction. The Index now hovers around its highest level since early May near 105.80 and then retreated to 105.
US Dollar FAQs What is the US Dollar? The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022.