USD Declines from Week-High as Risk Appetite Improves

The U.S. Dollar (USD) is declining across the board on Tuesday, as investors are seeking riskier currencies as assets amid an improvement in the risk appetite.

Concerns about the problems facing the rollout of Coronavirus vaccines around the world as well as the rising number of new COVID-19 cases helped provide some support for the greenback recently, before investors moved towards riskier assets.

The Dollar Index (DXY), which measures the USD’s performance against a basket of six international major currencies, is down by 0.21% at 90.20.

The index has been moving in a range between a low of 90.12 and a high of 90.614, which was the best level for the index since January 20.