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DXY to Finish on Marginal Gains

M. Ali 25 August, 2020 12:07 am Forex Market, Market Update

The Dollar Index (DXY) that measures that performance of the US Dollar (USD) against a basket of six major currencies.

The DXY is up by 0.08% for the day at 93.33, after closing last week at 93.25.

The index’s daily range has been between 92.84 and 93.34.

In the absence of economic data, except for the Chicago Fed National Activity Index, the USD is lacking support to restore momentum, amidst an increase in risk appetite that resulted in huge gains by stock markets.

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