Daily Market Updates: United States Dollar Index holds firm due to oil-driven inflation, Fed neutrality

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United States Dollar Index holds firm due to oil-driven inflation, Fed neutrality

Reported · Written up by our desk · Major Pairs

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching higher after posting modest gains in the previous day and trading near 101.80 during the Asian hours on Wednesday.

Latest closeDollar index 102.12 ▼0.1%

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FXStreetUnited States Dollar Index holds firm due to oil-driven inflation, Fed neutrality

Forex

United States Dollar Index holds firm due to oil-driven inflation, Fed neutrality

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