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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

West Virginia Senator Joe Manchin recently dealt a blow to the Biden administration with regard to its environmental, aka green agenda, when the Senator said he would vote no on the President's $1.9 trillion Build Back Better initiative. The legislation included items that would shift the US from fo

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

The yen was headed for a third consecutive daily decline on Friday in tentative trade, after Trump said that Israel and Lebanon had agreed to a 10-day ceasefire – a sign of progress in a peace deal with Iran. Governor Kazuo Ueda steered clear of signalling a rate hike was on the cards this month, in

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 U.S. Dollar remains strong as traders scale back bets on a Fed rate cut in December. The DXY index is holding near 100, signaling continued confidence in the greenback. EUR and JPY weakened slightly, while Asian currencies faced mild selling pressure. Market participants are watching U.S. data c