The US Dollar Index (USDX) was launched after the end of the Bretton Woods fixed exchange rate system agreement in 1973 by the New York Board of Trade (NYBOT). At its inception, the US Dollar Index was set at a
The dollar slid to a two-year low against the euro as concern that U.S. growth was hampered by a government shutdown earlier this month fueled bets the Federal Reserve will delay reducing stimulus. The dollar slid 0.2 percent to $1.3803
The US dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed US consumer sentiment hit a 6-year high in early May. The
The Dollar Index, Intercontinental Exchange Inc.’s benchmark that tracks the greenback against the currencies of six major U.S. trading partners, reached its highest level since Aug. 3. It added 0.5 percent to 82.715. The weekly gains streak was the longest
Against a basket of currencies, the dollar has lost almost 18% since last June and more than 10% since December, raising the concern that panic selling has already set into foreign exchange trade. The U.S. dollar index fell to 72.933
The Dollar Index fell to its lowest level since 2008 as the Federal Reserve’s pledge to keep interest rates near zero to stimulate growth spurred investors to buy higher-yielding assets. The Dollar Index, which tracks the dollar against the currencies
The US dollar has fallen precipitously in 2011. The Dollar Index – which tracks the dollar’s value against a basket of currencies that includes the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc – has fallen to 75.07.
Gains in commodities in the past week reflect increased global demand as much as the weakness of the U.S. dollar, according to Barclays Plc. The Standard & Poor’s GSCI Index of 24 raw materials headed for an eighth weekly advance
After making the case for reshoring in a previous article, PwC identified 7 key factors influencing potential US manufacturing resurgence. Obviously, labor cost is one of those factors but not the only one. “Industrial manufacturers may increasingly rethink their U.S.
Results of two time-staggered surveys As you may know, back in 2003, we asked people to fill in an on-line survey to help Purchasing Professionals gauge their organization’s overall purchasing effectiveness. We asked 7 questions that touched on senior management