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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.

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