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USD at Lowest Level in Seven Weeks

M. Ali 21 October, 2020 11:44 pm Forex Market, Market Update

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 by 0.49% at 92.61, its lowest level since September 2.

Earlier today, the index fell as low as 92.47, while its highest point was its opening where it closed Tuesday at 93.07.

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