Open Demo Account
Home / Market Update / Forex Market / US Dollar Index Bounces Off Lows

US Dollar Index Bounces Off Lows

Adel 3 July, 2020 10:41 am Forex Market, Market Update

The US dollar index traded on the positive side around the 97.30 regions by the end of the week. The index had risen for the second straight session on Friday, gaining some momentum and overcoming Covid-19 concerns.

The demand for the dollar increased as risk aversion among traders returned despite better than expected NFP that lent some support to risk. There are no reliable movers in the market as the American markets are closed due to the independence day holiday.

Tags

Check Also

As Inflation Cools, US Stocks Surge

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …

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