The US Dollar declined on Tuesday amid selling pressures for profit making and concerns about the rising number of COVID-19 cases. The Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.22% at 92.84. The index has been moving …
Read More »USD Rises as Demand for Safe Havens Increases
The US Dollar rose on Monday amid an increased demand for safe havens, which is due to a surge in new COVID-19 cases. In addition, stalling talks for a new stimulus package in the United States further advanced demand, which helped the USD maintains its rising trend that started at …
Read More »USD Declined Despite Positive Economic Data
The US Dollar (USD) declined on Friday across the board, despite an expansion in business activity in the US, as shown by the most recent PMI reading. The Dollar Index (DXY), which measures the USD performance against a basket of six international currencies is down by 0.20% at 92.76, after …
Read More »DXY Recovers From Seven-Week Low
The US Dollar (USD) is showing recovery signs on Thursday, after reaching its lowest level in seven weeks yesterday. The Dollar Index (DXY), which measures the performance of the USD performance against a basket of six international currencies, is up by 0.33% for the day at 92.92. The index has …
Read More »USD at Lowest Level in Seven Weeks
The US Dollar maintained its downward trend on Wednesday to fell to a its lowest level in about seven weeks, despite hopes for a new stimulus package in the United States. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down …
Read More »USD Declines Across the Board
The US Dollar (USD) declined on Tuesday amid increased concerns about the COVID-19 pandemic and uncertainty about the upcoming elections and a new economic stimulus package. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.41% at …
Read More »USD Rises Following Inflation Data
The US Dollar (USD) rose on Tuesday, as data showed an increase in consumer prices but at a slow pace. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is up by around 0.50% for the day, at 93.51. The index …
Read More »USD Struggling for Direction
The US Dollar (USD) is fluctuating during Thursday’s trading session, showing a mixed performance against major currencies. The Dollar Index (DXY), which measures the USD performance against a basket of six international currencies, is marginally down by 0.03% at 93.60. Yesterday, the index closed at 93.63, but today it has …
Read More »CAD Rises to Highest Level in Two Weeks
The Canadian Dollar (CAD) rose to its highest level in about two weeks against the US Dollar (USD), supported by a surge in oil prices of more than 5%. Gains by the CAD are amplified by the USD general weakness across the board, amid an improvement in risk appetite. The …
Read More »USD Declines Amid Improved Risk Appetite
An improved risk appetite seems to have left its toll on the US Dollar (USD), which opening the week with decline across the board. Investors’ risk appetite improved after positive news about the health of the US president, as well as renewed hopes for a second stimulus package to be …
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