Home / Market Update / Forex Market / USD Declines on Selling Pressures

USD Declines on Selling Pressures

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.

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …