Tag Dollar

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Dollar Stronger, Inflation Fears Spur Buying

The U.S. dollar gained against a basket of major currencies on Friday (May 20) as investors bought the greenback as a safe haven amid concerns about the impact of rising inflation. The dollar index, against the six major currencies in…

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U.S. Dollar Remains Supposed Safe Haven

U.S. stock markets are all down YTD. Gold is also down YTD after the latest downturn. Inflation concerns, recession fears, and most importantly, global equity markets have wiped out $11 trillion in assets over the last 5 weeks. Not an…

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The Dollar Index Slowed After Hitting a 20-Year High

The dollar index, which measures the dollar’s performance against six major currencies in a basket of currencies, slowed after hitting a 20-year high of 104.92 on Thursday. Yesterday, it rose 0.33% to 104.51. The dollar rose 0.7% to 129.22 yen,…

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Here’s How the Markets Closed Last Week

The Dow Jones Industrial Average closed lower as investors fear the Federal Reserve (Fed) will have to raise interest rates again to curb inflation. The Dow Jones Industrial Average closed at 32,899.37 points, down 98.60 points or -0.30%.The S&P 500…

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Dollar Index Rises

The dollar strengthened against a basket of major currencies on Wednesday (April 26) as the Federal Reserve (Fed) is expected to raise interest rates at its meeting next month. Meanwhile, as the euro continued to depreciate, there were fears that…

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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…

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