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US Dollar (DXY): Facing Uncertainty as Debt Ceiling Agreement Lingers
The US dollar, a key global currency, is experiencing a slight decline against major counterparts on Tuesday, despite remaining near a two-month high. The decline comes after a deal was reached on the US debt ceiling, which has boosted risk sentiment. However, the agreement may face challenges in Congress, adding an element of uncertainty to the situation. The dollar index, which measures the US currency against six major peers, has slipped by 0.125% to 104.17, moving slightly away from the recent high of 104.42 reached on Friday. Nevertheless, the index is expected to register a 2.5% gain for the month, reflecting ... (full story)