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Finance & Markets

What Is Inside DXY? The Six Currencies and Their Weights

The US Dollar Index (DXY) is a benchmark of dollar strength, but it only tracks a fixed basket of six currencies. Learn how it is weighted and why it does not directly reflect the South African rand.

What Is Inside DXY? The Six Currencies and Their Weights

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Oil Extends Rally Despite Higher Hormuz Volume Reports

Crude oil prices extended a climb that began on Monday, despite reports that oil flows via the Strait of Hormuz have improved considerably since the start of September.

  • Brent crude at $107.37 per barrel, West Texas Intermediate at $94.31 per barrel
  • 12.8 million barrels of oil flowing out of Hormuz daily, higher than expected
  • Ship-to-ship transfers increasing costs, affecting crude export efficiency

More from Tuesday 29 September →