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

Tariff Turmoil: USD/CHF Crashes to Multi-Month Lows After Liberation Day Shock

The USD/CHF currency pair took a dramatic nosedive during Thursday’s trading session, plummeting to the …