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Dollar Rises Ahead of FOMC Meeting Minutes

M. Ali 19 August, 2020 8:51 pm Forex Market, Market Update

The US Dollar (USD) is reversing its recent losses and showing a positive performance on Wednesday, ahead of the release of the Federal Reserve meeting minutes later today.

The Dollar index (DXY), which measures the USD performance against a basket of six major currencies, is up by around 0.50% at 92.7, after closing Tuesday at 92.27.

The USD is up by 0.32% against the Japanese Yen (JPY) and 1.12% against the Swiss Franc (CHF).

After surging by more than 1%, the GBP/USD is now trading lower by 0.57%, while the EUR/USD is down by 0.47%.

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