The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is going nowhere and consolidates below the 108.00 mark in the European trading session on Wednesday. However, selling pressure persists after US President
The US Dollar flatlines on Wednesday after two days of losses. Marketsmeasuring theimpact of the 10% levy over Chinese goods President Trump announced on Tuesday. The US Dollar Index tests the 108.00 mark and is set to head to the lower end of 107.00 The US Dollar Index , which tracks the Greenback’s value against six major currencies, is going nowhere and consolidatesbelow the 108.00 mark in the European trading session on Wednesday.
Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate. For the biggest central banks like the US Federal Reserve , the European Central Bank or the Bank of England , the mandate is to keep inflation close to 2%.
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