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What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

The foreign exchange market, also known as the Forex market or the FX market, is also one of the global markets that witnesses a trading volume of almost $6.6 trillion every day. Foreign exchange refers to exchanging one currency trading with another for different reasons that include tourism, inter

The Fed just delivered another 25 bps rate cut, taking the benchmark down to 3.75%–4.00% — a move the market expected. But Powell dropped a twist: he said there’s “no guarantee” of another cut in December. So why the hesitation? 🤔 Because the U.S. government shutdown h