Open Demo Account
Home / Market Update / Forex Market / USD Declines Across the Board

USD Declines Across the Board

M. Ali 20 October, 2020 10:19 pm Forex Market, Market Update

The US Dollar (USD) declined on Tuesday amid increased concerns about the COVID-19 pandemic and uncertainty about the upcoming elections and a new economic stimulus package.

The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.41% at 93.04.

The index today has been moving in a range between 93 and 93.50, mostly in the negative territory, after closing Monday at 93.43.

Tags

Check Also

Yen Soars as Powell’s Remarks Spur Rate Cut Bets

The Japanese yen advanced sharply against the US dollar on Friday, as Federal Reserve Chair …

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