Open Demo Account
Home / Market Update / Forex Market / Dollar Extends Gains and Maintains Rally

Dollar Extends Gains and Maintains Rally

M. Ali 8 September, 2020 11:42 pm Forex Market, Market Update

The US Dollar (USD) is maintaining its rising trend on Tuesday, extending its gains further amid the decline in the British Pound (GBP) on Brexit uncertainty and the Euro on the Eurozone’s economic contraction.

The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is up by 0.80% for the day at 93.45, near its highest level today at 93.49.

The USD is up by 0.27% against the Euro and by 1.31% in front of the GBP.

Tags

Check Also

Dollar Slips, Heads for Fifth Monthly Loss as Tariff Uncertainty Clouds Outlook

The U.S. dollar wobbled on Friday, on track for its fifth consecutive monthly decline as …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends