USD Declines Across the Board Amid Economic Concerns

The U.S. Dollar (USD) declined on Thursday, amid rising concerns about the economic rebound and recovery from the coronavirus pandemic.

Worries about the rising number of cases in many countries with the spread of new variants of the COVID-19 led to increased selling pressure on the greenback.

The Dollar Index (DXY), which measures the Dollar’s performance against a basket of six major international currencies, declined by 0.30% to settle at 92.367.

The index moved in a range between 92.244 and 92.791, mostly in the negative territory especially during the American session, after closing on Wednesday at 92.644.