Reported 2 days ago
The dollar index dipped by -0.21% today as market participants await the outcome of the FOMC meeting, where interest rates are expected to remain unchanged. Weak US housing data contributed to the dollar's decline, although demand for the currency remained strong due to geopolitical tensions in the Middle East. Meanwhile, the euro and yen showed gains against the dollar, driven by their respective economic indicators and safe-haven buying amid ongoing conflicts.
Source: YAHOO