The Importance of the US Dollar Index

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To say the US dollar is important is an understatement. According to the 2019 Triennial Survey of turnover in OTC FX markets[1], the US dollar retained its dominant currency status, on one side of 88% of all trades. Additionally, more than 60% of foreign exchange reserves are denominated in dollars, according to the International Monetary … Continue reading The Importance of the US Dollar Index