Currency Analyst since 2010

USD index at 4-month low

The Dollar Index (DXY) slid to 4-month minimum ahead of the Federal Open Market Committee meeting next week, on June 19. The index is calculated by Intercontinental Exchange Inc. and measures the dynamics of USD against the currencies of 6 major trading partners.

The market players keep speculating about the potential tapering of the Fed’s quantitative easing. Today’s US data (retail sales & unemployment claims) will be closely watched on that account.

Snapshot from Bloomberg

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