Delay On Raising Rates Causes US Dollar Index To Drop

July 12, 2017

This week, Fed Chair Janet Yellen said that inflation concerns will push the Federal Reserve to delay tightening its monetary policy.

In response, the US Dollar Index fell to $95.51, its second-lowest point this year, according to Business Insider.

Despite some mild peaks and valleys, the index has steadily fallen since late November 2016, when it was around $103.

Currencies generally weaken relative to peers on domestic monetary policy that's construed as accommodative. To the contrary, they rise when it's signaled that the money supply will be siphoned off.

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