The Bloomberg Dollar Index rose more than 0.6% on Friday, while the ICE Dollar Index increased over 0.6% for the week amid "U.S. elections + Powell's 25 basis point rate cut."

Wallstreetcn
2024.11.08 22:21

On Friday (November 8th), at the New York close, the ICE Dollar Index rose by 0.42%, reporting 104.951 points, with a cumulative increase of 0.64% for the week. The trading range for the week was between 103.373 and 105.441 points. After the voting phase of the U.S. election day (November 5th) ended, it gapped higher. Overall, investors were "unmoved" by the Federal Reserve's potential 25 basis point rate cut. The Bloomberg Dollar Index rose by 0.61%, reporting 1267.77 points, with a cumulative increase of 0.31% for the week. The trading range for the week was between 1253.12 and 1275.53 points, and it did not experience a significant gap up like the ICE Dollar Index

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