Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
## The US dollar loses value — dollar index falls below 98
In currency trading on December 23, we observe a significant weakening of the dollar position. The dollar index, which reflects the strength of the US currency against six major international currencies, declined by 0.35% and closed the session at 97.942.
This change affected the exchange rate of the dollar against individual currencies. The euro strengthened, reaching 1.179 dollars per euro (compared to 1.1755 in the previous session). The British pound also rose, recording 1.3497 dollars per unit compared to the previous 1.3458 dollars.
In the opposite direction, Asian and other currencies experienced changes. The Japanese yen appreciated to 156.2 per dollar, falling from the previous level of 156.92. The Swiss franc strengthened to 0.7877 dollars per franc, compared to 0.7918 from the previous trading day. The Canadian dollar increased to 1.3694 dollars per Canadian dollar, reaching a higher valuation than the previous 1.3747. The Swedish krona rose to 9.1684 per dollar, up from 9.2396 in the earlier session.
The dollar index, which measures the cumulative position of the currency against this basket of major currencies, shows further erosion of value, suggesting a weakening of the United States' international currency position.