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USD Maintaining Negative Performance for Second Day

M. Ali 28 July, 2021 6:07 am Forex Market, Market Update

The U.S. Dollar (USD) continues to fluctuate after logging another loss against major peers on Tuesday, as risk appetite took a blow from concerns over the coronavirus Delta variant and losses across stock markets.

The greenback declined on Tuesday, for the second consecutive session, with the Dollar Index (DXY) falling to 92.562 after finishing Monday lower at 92.64 and erased all of last week’s gains.

DXY, which measures the greenback against a basket of six major international currencies, is now up by 0.03% at 92.458.

The USD lost 0.43% to the Sterling Pound (GBP) on Monday, as the GBP/USD index reached 1.3876, while the Euro (EUR) rose 0.13% against the declining Dollar with the EUR/USD pair reaching 1.1818.

A larger loss was seen against the safe-haven Japanese Yen (JPY), against which the USD fell by 0.54% to 109.79.

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