Home / Market Update / Forex Market / USD Declines for Third Day in Row

USD Declines for Third Day in Row

The U.S. Dollar (USD) declined on Thursday for the third consecutive session, with investors moving towards other currencies.

This comes amid increased hopes for economic recovery amid the rollout of vaccines and the expansion of government stimulus in the United States, both of which has been promised by the new American administration.

The Dollar Index (DXY), which measures the greenback performance against a basket of six major currencies, is down by 0.44% at 90.08.

Check Also

Gold Holds Near Record Highs Ahead of Fed Decision

Bullion Market Steadies Close to All-Time Peak Gold prices were largely unchanged on Monday, consolidating …