The US Dollar descent took a breather today as the Federal Reserve’s rate path is re-examined amid softening US data and China woes continuing. Will the DXY (USD) index trend lower?
Bitcoin declined by 5.7%, ending the week at around $40,300. Ethereum lost 6.6%, while other leading altcoins in the top 10 fell from 2.9% (Binance Coin) to 17% (Terra). The exception was XRP (+0.8%).
Hedging currency risk is a useful tool for any savvy investor that does business internationally and wants to mitigate the risk associated with the Forex currency exchange rate fluctuations. In this c
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