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30 Jun 2024

The U.S. dollar rises in trading and approaches the 106-point level

The U.S. Dollar Index registered a slight increase during recent trading this week on Friday, approaching the 106-point level, supported by rising U.S. bond yields, as well as hawkish remarks from Federal Reserve members regarding interest rates. This comes alongside positive economic data from the U.S. released yesterday. Markets are awaiting the release of the Personal Consumption Expenditures (PCE) price index today, which is the Fed's preferred inflation gauge, and it may have an impact on future U.S. dollar trading

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