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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.

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