Tag Archives: U.S. Dollar Index
Inflation Edges Higher in February, Fueling Fed’s Caution
In February 2024, the Consumer Price Index in the United States went up by 0.4% on a month-to-month basis, forming a five-month peak. A raise showcased a subtle acceleration from January’s 0.3% and matched initial predictions. Over 60% of the increase was laid at the door of shelter costs that rose by 0.4% and gasoline […]
Soft Dollar Buoyed Precious Metals and Commodities Markets
The dollar index continued its downward trajectory, dipping below 104, as a stream of disappointing economic figures out of the US and comments from certain central bank officials impacted investors. The US manufacturing industry, as revealed by the latest PMI survey from the ISM, has been shrinking for the 16th month in a row in […]
