Tag: US dollar

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23 Jun 2020

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

06 Jun 2018

Interpreting the U.S. Employment Situation Report: The Basics

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With the U.S. retaining its position as the world’s largest economy since 1871, and a nominal GDP forecasted to exceed USD 21 trillion in 2019, the country’s employment status, provided by the Bureau of labour Statistics (BLS), is crucially important. The Federal Reserve, as well as the investment community, pay close attention to employment figures … Continue reading Interpreting the U.S. Employment Situation Report: The Basics