The six currencies which are included in the US dollar index are America’s major trading partners. The index has been replaced only once when the Euro replaced German Mark, French Franc, Italian Lira, Dutch Guilder and the Belgian Franc.
Oil prices plummeted to their lowest levels since 2021 due to new U.S. tariffs announced by President Trump and increased output by OPEC+. Brent and
Jefferies’ Chris Wood criticizes Trump’s sweeping new tariffs, calling April 2 “an impoverishment day.” With steep levies on key Asian economies, analysts warn of global
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