DXY rallies further following Federal Reserve's decision, trades above 105.00. US releases soft PPI figures from May and higher weekly Initial Jobless Claims. US Treasury yields continue to move down and may limit the upside. On Thursday, the US Dollar Index continued its positive momentum, extending its recovery into Thursday's session above 105.00.
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.