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USD Keeps Upward Trend on COVID-19 Fears

M. Ali 29 October, 2020 8:32 pm Forex Market, Market Update

The US Dollar (USD) is maintaining its rising trend amid increased demand on concerns about the rising number of COVID-19 cases.

The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.65% for the day at 94.02.

The index has been moving today between 93.34 and 94.10, mostly in the positive territory, after closing Wednesday at 93.41.

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