U.S dollar set to register its fourth consecutive monthly decline, longest losing streak since 2017
The US dollar is weaker as traders placed a very dovish spin of the Fed shift to inflation targeting.
The US dollar is weaker as traders placed a very dovish spin of the Fed shift to inflation targeting.
The U.S. Dollar Index tracks the American dollar against other major currencies.
The drop is speculated to have been caused by the high number of Americans who claimed unemployment benefits.
Tether accounts for 93% of stablecoin use in the region.
This is the longest losing streak recorded by the safe-haven currency in ten years.
Currencies tracked by the U.S dollar index include; euro, British pounds sterling, and the Japanese yen.