Category forex

Dollar Index Rises Above 101.00

Dollar Index strengthens on Fed rate hike bets The US Dollar Index, which measures the value of the US Dollar against a basket of six world currencies, has risen above 101.00. The index currently trades near 101.30 during early European trading hours. This i

Gold Hits Fresh Low

Gold falls to $3,943 on USD strength Gold prices have fallen to a fresh low, touching the $3,943-$3,942 region. The decline is attributed to renewed US-Iran tensions and expectations of a Federal Reserve interest rate hike. Elevated expectations for a rate