Open Demo Account
Home / Market Update / Forex Market / USD Eases Following Powell’s Testimony

USD Eases Following Powell’s Testimony

M. Ali 23 June, 2021 1:40 am Forex Market, Market Update

The U.S. Dollar (USD) showed a mostly negative performance on Tuesday, turning to losses against major peers after recent remarks by the Chairman of the Federal Reserve Jerome Powell.

The Dollar Index (DXY), which measures the greenback against a basket of six international currencies, declined by about 0.18% to 91.73, from 91.90 on Monday. The index had been moving today in a range between 92.12 and 91.65.

The Euro (EUR) gained 0.20% against the USD, with the EUR/USD reaching 1.1944, while the British Pound (GBP) leveled up by 0.11% with the GBP/USD reaching 1.3951.

Meanwhile, the USD/JPY pair rose by 0.31% to 110.67, recording the Dollar’s biggest rise against the Japanese Yen (JPY) since June 16.

Tags

Check Also

Bitcoin climbs as shutdown-end hopes lift risk appetite; XRP outperforms on funding buzz

Bitcoin advanced Monday, extending a weekend rebound as signs of progress toward ending the U.S. …

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