dxy bulls keep reins at 2022 peak as Chernobyl woes renew in Ukraine, US NFP eyed
The U.S. Dollar Index is an index of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro , Japanese Yen , British Pound , Canadian Dollar , Swedish Krona and Swiss Franc . The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index .
The US Dollar Index news can be seriously affected by the decisions taken by these organizations and people:. The Fed controls the monetary policy, through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.: events as administration statements, budget, new laws and regulations or fiscal policy can increase or decrease the value of the Dollar Index.
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