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USD Ending Worst Year Since 2017

M. Ali 31 December, 2020 11:27 pm Economic Report, Forex Market, Market Update

The US Dollar (USD) is ending 2020 as its worst year since 2017, amid expectations that increased government stimulus and the easing policies of the United States Federal Reserve will further weaken the greenback in 2021.

However, the USD is rising on Thursday supported by the decline in jobless claims.

The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.31% at 89.96.

Earlier today, the index declined to 89.52, its lowest level since April 2018.

Nonetheless, the DXY has declined by more than 7% in 2020.

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