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

USD Declines for Third Day in Row

M. Ali 22 January, 2021 1:19 am Forex Market, Market Update

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.

Tags

Check Also

Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance

Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and …

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