Open Demo Account
Home / Market Update / Forex Market / Dollar Rises Ahead of FOMC Meeting Minutes

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%.

Tags

Check Also

Gold Prices Dip Amid Fed Officials’ Cautious Stance, but Weekly Gains Persist

Gold prices saw a slight decline on Friday, trimming some of the week’s gains, 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