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News about Exchange rate
The foreign currency cash market in January saw a decline in activity characteristic of the beginning of the year, accompanied by a reduction in buy-sell transactions and an increase in savings sentiment, according to Logos Press.
The US has long been the main driver of global economic growth, including now, thanks to the boom in artificial intelligence (AI). This boom shows no signs of cooling, and it is financed by dollars, which remain the central pillar of global finance.
In global currency markets, the U.S. dollar rose more than 1% this week. This was helped by positive economic data, a tougher stance from the Federal Reserve and tensions between the US and Iran, which kept markets on edge, Logos Press reports.
