Open Demo Account
Home / Market Update / Forex Market / USD Rises Following Inflation Data

USD Rises Following Inflation Data

M. Ali 13 October, 2020 7:27 pm Forex Market, Market Update

The US Dollar (USD) rose on Tuesday, as data showed an increase in consumer prices but at a slow pace.

The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is up by around 0.50% for the day, at 93.51.

The index has been moving in a range between 93.03 and 93.54, after closing Monday at 93.07, mostly moving the positive territory.

Tags

Check Also

Trump’s Reluctance Shakes Up the Fed Chair Race

President Donald Trump signaled fresh uncertainty over the future leadership of the Federal Reserve after …

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