Open Demo Account
Home / Market Update / Forex Market / USD Rebounds Across the Board

USD Rebounds Across the Board

M. Ali 29 October, 2020 1:48 am Forex Market, Market Update

The US Dollar (USD) rose across the board on Wednesday, supported by an increased demand, amid a surge in new COVID-19 cases in many countries.

The Dollar Index (DXY), which measures the USD performance against a basket of six major currencies, is up by 0.55% for the day at 93.45.

The index has been moving throughout the day in the positive territory, in a range between 93.05 and 93.65, after closing Tuesday at 92.94.

Tags

Check Also

European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of the …

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