Home / Market Update / Forex Market / USD Keeps Upward Trend on COVID-19 Fears

USD Keeps Upward Trend on COVID-19 Fears

The US Dollar (USD) is maintaining its rising trend amid increased demand on concerns about the rising number of COVID-19 cases.

The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.65% for the day at 94.02.

The index has been moving today between 93.34 and 94.10, mostly in the positive territory, after closing Wednesday at 93.41.

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …