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USD Declines for Third Day in Row

M. Ali 22 January, 2021 1:19 am Forex Market, Market Update

The U.S. Dollar (USD) declined on Thursday for the third consecutive session, with investors moving towards other currencies.

This comes amid increased hopes for economic recovery amid the rollout of vaccines and the expansion of government stimulus in the United States, both of which has been promised by the new American administration.

The Dollar Index (DXY), which measures the greenback performance against a basket of six major currencies, is down by 0.44% at 90.08.

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