The US Dollar Index (DXY) trades softer on Thursday despite persistent inflation in the United States, as measured by the Personal Consumption Expenditure (PCE) Prices Index.
US Dollar continues struggling as buyers take a breather. US PCE Prices Index fell to 2.1% yearly in September, while the core inflation remains steady at 2.7%. US Jobless Claims fall to 216K, against market expectations of an increase to 230K. The US Dollar Index trades softer on Thursday despite persistent inflation in the United States, as measured by the Personal Consumption Expenditure Prices Index.
00 US Dollar FAQs What is the US Dollar? The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022.
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