Summary
- The Dollar Index (DXY) has reached 110.04, marking an all-time high.
- It was analyzed that the strength of the U.S. dollar tends to reduce the demand for risky assets such as cryptocurrencies.
- The surge in the Dollar Index was attributed to the increase in U.S. non-farm jobs.
The value of the dollar against six major currencies has reached an all-time high.
According to Investing.com on the 13th, the Dollar Index (DXY) is at 110.04. The strength of the U.S. dollar tends to reduce the demand for risky assets such as cryptocurrencies.
The recent surge in the Dollar Index is due to the unexpected increase in U.S. jobs last month. On the 10th, the U.S. Department of Labor announced that U.S. non-farm jobs increased by 256,000, surpassing the expected 155,000. The unemployment rate was recorded at 4.1%, down 0.1 percentage points from the previous month.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
