Open Demo Account
Home / Market Update / Forex Market / USD Declines to More than Two-Year Low

USD Declines to More than Two-Year Low

M. Ali 18 August, 2020 7:43 pm Forex Market, Market Update

The U.S. Dollar (USD) is maintaining its downward trend on Monday, despite an increase in housing starts.

Recent data suggests that the real estate sector in the United States is recovering amid a decline in interest rates.

The Dollar index (DXY), which measures the USD performance against a basket of six major currencies, is down by 0.50% at 92.39, its lowest level in about two years, since April 2018.

Tags

Check Also

Silver Price Outlook: XAG/USD Surges to 14-Year High, Targets $40.00 Breakthrough

Silver hits its highest level since September 2011. Markets see an 87% likelihood of a …

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