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A Snapshot Of The U.S. Dollar

A Snapshot Of The U.S. Dollar

August 30, 2022
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The U.S. Dollar Index (DXY) has closed trading above the 100 mark in every trading session since 4/13/22, according to Bloomberg. The relative value of the U.S. dollar has been boosted recently by the Federal Reserve's aggressive rate hikes and guidance, the launch of its quantitative tightening program to pare down the assets on its balance sheet ($95 billion per month starting in September), foreign investors using the dollar as a safe haven destination (war between Russia and Ukraine) as well as concerns over how the COVID-19 outbreak in China could impact the global economy, in our opinion. 

Source: Observation Deck, First Trust Portfolios L.P. |



A Snapshot Of The U.S. Dollar