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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.

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