Open Demo Account
Home / Market Update / Forex Market / USD Declines Amid Improved Risk Appetite

USD Declines Amid Improved Risk Appetite

M. Ali 5 October, 2020 11:16 pm Forex Market, Market Update

An improved risk appetite seems to have left its toll on the US Dollar (USD), which opening the week with decline across the board.

Investors’ risk appetite improved after positive news about the health of the US president, as well as renewed hopes for a second stimulus package to be approved by Congress.

The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.36% at 93.51, after closing last week at 93.84.

The index has been moving in a range between 93.37 and 93.87.

Tags

Check Also

Bitcoin Faces Pressure Amid U.S. Trade Uncertainty and Slowing Economic Growth

Bitcoin continued its downward trajectory on Wednesday, falling by 0.8% to $113,467.7 as uncertainty surrounding …

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