American Dollar Index Records Strong Appreciation on May 8
As reported by MetaEra on May 9 (UTC+8), the American Dollar Index (DXY), which assesses the strength of the dollar against a basket of six major global currencies, showed a significant increase of 1.03% on May 8. By the end of the currency market session, the index reached the level of 100.639.
At the close of the New York currency market, the following exchange rates were observed: the euro against the dollar fell to 1.1225 USD, down from 1.1328 USD the previous day. The British pound also depreciated against the dollar, trading at 1.3251 USD, below the 1.3317 USD of the previous session. In contrast, the dollar strengthened against the Japanese yen, with the exchange rate reaching 145.88 yen per dollar, higher than the 143.53 yen of the previous day. The Swiss franc also depreciated against the dollar, with the exchange rate set at 0.8312 Swiss francs per dollar, above the 0.8216 Swiss francs of the previous session. The Canadian dollar followed the same trend, trading at 1.3928 Canadian dollars per dollar, compared to 1.3808 Canadian dollars the previous day. Finally, the Swedish krona also depreciated against the dollar, with the exchange rate reaching 9.7340 Swedish krona per dollar, up from 9.6344 Swedish krona of the previous session.