Open Demo Account
Home / Market Update / Forex Market / USD Near Two-Year Low Ahead of Fed Statement

USD Near Two-Year Low Ahead of Fed Statement

M. Ali 29 July, 2020 8:27 pm Forex Market, Market Update

The US Dollar (USD) declined on Wednesday to its lowest level in about two years, as the Federal Reserve is expected to announce later today its monetary policy decision of maintaining interest rates near 0% for the foreseeable future.

The Dollar index (DXY), which measures the USD’s performance against a basket of major currencies, is down by 0.32% at 93.40, after closing Tuesday at 93.70.

The USD is down against the Euro (EUR) and the British Pound (GBP) by 0.48% and 0.36%, respectively.

Meanwhile, the USD settled against the Japanese Yen (JPY), down by 0.01%.

Tags

Check Also

Is Gold Price’s Recent Dip a Sign of Trouble or Opportunity?

Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight …

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