On Wednesday, the dollar index (DXY00) rose by 0.35% and reached its highest level in two months. The dollar received support after hawkish comments were made by Fed Governor Waller, who stated that he doesn’t want to halt rate hikes unless there is clear evidence that inflation is moving down towards the targeted 2%. The rise is due to an increase in demand for liquidity as stocks continue to decline.
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US Dollar Increases as Liquidity Demand Rises Due to Falling Stocks
By JamesUpdated:No Comments1 Min Read
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