Key Points
Mint takes a look at one of the most important price signals of the global financial market:..
The ICE US Dollar Index, which measures the greenback against a basket of six major currencies, is up around 4% in 2024 so far, though it is still some distance away from the levels witnessed in the early 2000s..
The dollar has gained against almost every major currency this year, an unusually strong trend which demonstrates its primacy in the global financial system...
The primary reason is that the US Federal Reserve, the countrys central bank, is keeping interest rates at over 20-year-high levels as inflation is still above its target of 2%..
Two-thirds of 150 currencies tracked by Bloomberg have weakened against the dollar this year, including the euro, rupee and yuan..
