Trending
- AfDB backs “green shares” funding model with $30M AFC equity boost
- ATIDI and ASF unite to mitigate risks gripping Africa’s investment
- Turkey Brokers a Dispute Ceasefire Between Ethiopia and Somalia
- BRICS antitrust authorities turn the heat on trade platform Covantis
- From fossil fuels to green futures: Oxford and EBC Financial Group on what’s holding us back
- Africa’s natural resources: Will Trump’s policies benefit or exploit the continent?
- US Sanctions Zimbabwe’s gold smuggling Kingpin Kamlesh Pattni
- From Industry 5.0 to Future Finance: AIM Congress 2025’s bold agenda, key partners unveiled
Browsing: trading strategies
The United States dollar has reportedly appreciated to levels last seen 20 years ago and shows no signs of slowing down. According to Capital.com, “The ICE US Dollar Index (DXY) – a measure of the currency’s strength against a basket of rival currencies including the euro (EUR), Japanese yen (JPY) and British pound (GBP) – stood at 109.5 on 19 September 2022. The index was up over 14% from the start of the year, but down marginally from the 110.51 mark reached on 7 September – its highest level since 2002.”
The Federal Reserve, the US central bank, is giving further steam to the greenback through its aggressive interest rate stance. The Federal Reserve has raised interest rates a total of four times during 2022 for a total of 2.25 percentage points.
The result is that investors are piling into the US dollar, salivating into the fray as they chase …