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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.

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