#Binance

According to Odaily, the US Dollar Index (DXY) continues to rise, with a short-term increase of nearly 30 points, currently reported at 104.92. Traders have adjusted their estimates for the Federal Reserve's first rate cut from November to December. The US Dollar Index is a measure of the value of the United States dollar relative to a basket of foreign currencies. The rise in the index indicates a strengthening of the dollar against these currencies. The Federal Reserve's decision to cut rates is often seen as a move to stimulate the economy by making borrowing cheaper. This decision is closely watched by traders and can have significant impacts on global financial markets.