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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.

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