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USD Weakens Against Major Currencies

The US Dollar (USD) is showing a weak performance during the first session of the week, despite the lack of major economic data.

The United States continues to hold the highest number of coronavirus disease (COVID-19) cases worldwide, with multiple record-high daily surges in recent weeks.

The Dollar Index (DXY), which measures the US currency’s performance against a basket of six major currencies, is down by 0.35% to 96.31.

The USD is down by 0.62% against the Euro, with the European currency trading at 1.13662 Dollars.

The USD is also down against the Australian and New Zealand peers by 0.48% and 0.06%, respectively.

The GBP/USD is also up by 0.17% at ‪1.2599.

In the meantime, the USD/CAD is down by 0.22%, while the USD/CHF is down by 0.07%.

On the contrary, the USD/JPY is up by 0.29%.

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