RSS SubscribeUS Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts
By Wolf Richter for WOLF STREET
The Dollar Index [DXY] which tracks the USD against a basket of six currencies (euro, yen, Canadian dollar, British pound, Swedish krona, and Swiss franc) dominated by the euro and the yen, rose to 107.6 at the moment, the highest level in two years.
Over the past two months since the Fed started to furiously backpedal on the pace of its rate cuts, it has risen by 7.3%
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