Open Demo Account
Home / Market Update / Forex Market / USD Declines on Selling Pressures

USD Declines on Selling Pressures

M. Ali 27 October, 2020 9:05 pm Forex Market, Market Update

The US Dollar declined on Tuesday amid selling pressures for profit making and concerns about the rising number of COVID-19 cases.

The Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.22% at 92.84.

The index has been moving throughout the day between 92.79 and 93.13, after closing Monday up at 93.05.

Tags

Check Also

Bitcoin Remains Rangebound Amid U.S. Tariff Concerns and Economic Uncertainty

Bitcoin remained largely unchanged on Tuesday, staying within its recent trading range as traders weighed …

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