USD Falls to Lowest Level in Two Weeks

The U.S. Dollar (USD) declined on Thursday to near its lowest level in about two weeks, as the market digests the minutes of the Federal Reserve March meeting, which was published yesterday.

The Dollar Index (DXY) is down by 0.34% for the day at 92.14, after touching a daily low of 92.07 for the first time since late March.

The index that measures the greenback’s performance against a basket of six major international currencies is showing a downward trend since the beginning of today’s trading in Asian markets, which continued at a slow pace during European hours before plunging at the beginning of the American session.