Dollar on a Slide and Wall Street Rise Ahead of Fed Meeting

The Dollar Index (DXY) finished Monday on a lower note, amid anticipation for the upcoming policy meeting by the U.S. Federal Reserve.

The index, which measures the performance of the U.S. Dollar (USD) against a basket of six major international currencies settled at 92.649, losing 0.28% on a daily basis, moving almost entirely in the negative territory during the Asian, European and American sessions.

The index briefly touched a daily high of 92.959, while its lowest level was at 92.531.

The greenback lost 0.50% to the Sterling Pound (GBP), 0.26% to the Euro (EUR), and 0.15% to the Japanese Yen (JPY).

Meanwhile, all the major indices in Wall Street finished with gains, showing a varied performance amid an improvement in the investors’ sentiment that was supported by the positive earnings reports by major listed companies.

The Dow Jones Industrial Average added about 0.24% to finish at an all-time high of 35,144.31 points, while the S&P 500 leveled up by 10.5 points, or 0.24%, to close at a record 4,422.3 points.

As for the Nasdaq Composite, the index finished with a marginal gain of 0.03%, nearly unchanged at 14,840.71 points.