By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: US Dollar Index surges to almost 104.30 as political uncertainty weighs on market sentiment
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Forex > US Dollar Index surges to almost 104.30 as political uncertainty weighs on market sentiment
Forex

US Dollar Index surges to almost 104.30 as political uncertainty weighs on market sentiment

News Room
Last updated: 2024/07/19 at 11:14 AM
News Room
Share
3 Min Read
SHARE

The US Dollar has been steadily rising in value, reaching near 104.30 in the European session on Friday. This increase is attributed to the speculation that the US Republican Party may win the presidential elections later this year. With an assassination attempt on Donald Trump and expectations that President Joe Biden may drop his re-election bid, the likelihood of Republicans winning has increased. Trump’s advocacy for tight trade policies has also had a positive impact on the US Dollar, making it more appealing globally.

Additionally, the 10-year US Treasury yields have also shown signs of recovery, nearing 4.21%. However, the overall outlook for the US Dollar and bond yields remains uncertain as investors anticipate possible interest rate cuts by the Federal Reserve. Cooling inflationary pressures and potential risks to the US labor market strength have led to speculation about Fed rate cuts. Traders have priced in the possibility of a rate cut in September, with potentially another one in November or December. This uncertainty is further highlighted by upcoming speeches from Fed officials John Williams and Raphael Bostic, as investors seek clues about the future of interest rates.

The US Dollar, being the official currency of the United States, is also widely used in other countries. It is the most heavily traded currency in the world, accounting for the majority of global foreign exchange turnover. The value of the US Dollar is heavily influenced by monetary policy set by the Federal Reserve, which aims to achieve price stability and full employment. Adjustments in interest rates by the Fed have a direct impact on the value of the Greenback. When inflation is above the Fed’s target, rates are raised to strengthen the USD, while lower rates may be implemented when inflation is low or unemployment is high, which can weaken the currency.

In drastic situations, the Federal Reserve may resort to quantitative easing (QE) to increase credit flow in the financial system. This involves the Fed printing more Dollars and buying US government bonds, which typically leads to a weaker US Dollar. Conversely, quantitative tightening (QT) is the process where the Fed stops purchasing bonds and does not reinvest the principal from maturing bonds, which can have a positive effect on the US Dollar. These monetary policy tools can have a significant impact on the value of the US Dollar in global markets, making it important for investors to stay informed about Federal Reserve actions and market trends.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room July 19, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Different international films shown in nearby theaters this week
Next Article Bitcoin Investors Shift Focus to New Bitcoin Project, Hoping for Potential 100x Gains
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle July 14, 2025
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025

You Might also Like

Forex

Pound Sterling Price Update and Prediction: GBP strengthens as risk sentiment improves

January 6, 2025
Forex

Elliott Wave Technical Analysis of NVIDIA Corp. (NVDA) [Video]

January 6, 2025
Forex

EUR/USD: Is it a Dead Cat Bounce? – OCBC

January 6, 2025
Forex

AUD/JPY maintains gains around 98.50 following PMI data release

January 6, 2025
Forex

NZD/USD edges up to nearly 0.5650 after China’s Caixin Services PMI

January 6, 2025
Forex

Japanese Yen bulls stay on the sidelines as USD/JPY remains steady above the mid-157.00s

January 6, 2025
Forex

Silver Price Prediction: XAG/USD bears in control below $30.00 near 200-day SMA

January 6, 2025
Forex

Gold price drops from multi-week high due to hawkish Fed expectations

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?