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USD at Lowest Level Since April 2018

M. Ali 11 December, 2020 12:34 am Forex Market, Market Update

The US Dollar (USD) declined on Thursday to its lowest level since April 2018, amid anticipation for a new stimulus package and news about the rollout of Coronavirus vaccines in the United States.

The decline also comes after the European Central Bank (ECB) decided to maintain interest rates and expanded its stimulus measurements against the pandemic.

The Dollar Index (DXY), which measures the greenback performance against a basket of six major international currencies, is down by 0.35% at 90.77.

The index has been moving today between 90.67 and 91.15, after closing Wednesday at 91.09.

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