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What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

The foreign exchange market, also known as the Forex market or the FX market, is also one of the global markets that witnesses a trading volume of almost $6.6 trillion every day. Foreign exchange refers to exchanging one currency trading with another for different reasons that include tourism, inter

(Reuters) -JD Sports Fashion raised its annual profit forecast for the second time in four months on Wednesday as shoppers splashed out on sportswear during the holidays and U.S. consumers spent their stimulus cheques on the latest trends. Britain's biggest sportswear retailer, which has expanded in

Trade is likely to be thinned this week by Thanksgiving in the United States, but the virus’ resurgence has traders once again monitoring COVID-19 cases and governments’ responses. USDIndex at 16-month highs above 96.00. Yields: 10-year Treasury rate is up 1.4 bp at 1.57%, while across the Asia Paci

Sterling dipped on Thursday as oil prices pushed above $100 per barrel, weighing on investor sentiment. UK inflation jumped to 3.3% in March, largely due to increased fuel prices. A majority of economists polled by Reuters expect the BOE to keep rates unchanged for the rest of the year, arguing poli