The United States economy grew much faster than previously estimated in the third quarter, indicating that the Federal Reserve's campaign to tame the economy to combat inflation is having only a limited impact.

To help you fully understand the changing landscape of foreign exchange transactions, we contrasted the top popular assumptions about foreign exchange with facts you need to know.

A resilient consumer and a healthy labor market aided growth in the final two quarters, providing hope for 2023.

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The U.S. dollar index, which tracks the performance of the dollar against a basket of six major currencies, rallied 0.6% during yesterday’s trading session amid higher than expected inflation levels, challenging the narrative from Fed officials that inflationary pressures are transitory.

The U.S. dollar index, a coefficient used to benchmark the performance of the dollar against its main peers, recorded 0.22% gains amid global risk aversion due to a spike in coronavirus cases and sustained inflationary pressures, which increases the likelihood of hiking rates sooner than anticipated.

The U.S. dollar index, a benchmarking tool to assess the performance of the greenback against a basket of six major currencies, extended 0.31% losses amid restoring market sentiment boosted by earning reports in the early hours of yesterday's trading session.

The U.S. dollar index, a coefficient used to value the greenback against a basket of six major currencies, closed out the week with strength, although it was unable to extend gains amid risk-on appetite progressively recovering and better than expected earnings reports.

The U.S. dollar index, a benchmark used to value the greenback against a basket of six major currencies, advanced 0.11% amid Delta variant jitters and the U.S. infrastructure bill, which will be put to a vote today in the senate.