Open Demo Account
Home / Market Update / Forex Market / U.S. Dollar Declines Across the Board

U.S. Dollar Declines Across the Board

M. Ali 5 February, 2021 9:09 pm Forex Market, Market Update

The U.S. Dollar (USD) declined on Friday, nearing to end the week on a negative note as the United States Congress nears the passing of the $1.9 trillion relief bill, proposed by President Joe Biden.

The Dollar Index (DXY), which measures the performance of the greenback against a basket of six major international currencies, is down by 0.48% at 91.09.

The index has been moving today in a range between 91.06 and 91.60, mostly in the negative territory, after closing Thursday at 91.53.

Tags

Check Also

US Treasury Secretary: It’s up to Fed to decide on rates, Powell replacement discussions set for fall

U.S. Treasury Secretary Scott Bessent emphasized that interest rate decisions rest with the Federal Reserve, …

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