Currency Buzz: US Dollar Index Slips To One Month Low

24 May 2022 , 02:43 PM

The US dollar index continued to ease from record highs, testing around one month low under 102 mark as selling pressures stayed in place for the currency. Some pick up is visible in global risk appetite, capping upside in the Dollar index after its wild rally to around two decade high earlier this month. While the Russia-Ukraine war continues to stay in focus, the dollar index has not been able to see any meaningful gains and a soft undertone in the US treasury yields is also weighing on the currency. The dollar index currently quotes at 102 mark, almost unchanged on the day. Powered by Commodity Insights