Tag currency

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Dollar Index Reaches Highest Level in Almost Two Years

The dollar index, which measures the dollar’s movements against six major currencies in a basket of currencies, rose above 100 for the first time in nearly two years, boosted by expectations that the U.S. Federal Reserve (Fed) will accelerate interest…

collection of banknotes with dollar bill on top

Strong Dollar on the Back of Positive U.S. Economic Data

The U.S. dollar strengthened against a basket of major currencies on Friday (April 1), supported by forecasts that the U.S. Federal Reserve (Fed) will accelerate rate hikes after U.S. employment data in March indicated that the labor market and the…

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