Open Demo Account
Home / Market Update / Forex Market / DXY to Finish on Marginal Gains

DXY to Finish on Marginal Gains

M. Ali 25 August, 2020 12:07 am Forex Market, Market Update

The Dollar Index (DXY) that measures that performance of the US Dollar (USD) against a basket of six major currencies.

The DXY is up by 0.08% for the day at 93.33, after closing last week at 93.25.

The index’s daily range has been between 92.84 and 93.34.

In the absence of economic data, except for the Chicago Fed National Activity Index, the USD is lacking support to restore momentum, amidst an increase in risk appetite that resulted in huge gains by stock markets.

Tags

Check Also

Japanese Yen Slides Toward 40-Year Lows as Markets Doubt Immediate Government Action

The Japanese Yen came under renewed selling pressure at the start of the week, pushing …

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