US Dollar Plunge to 27-Month Low, Gold is Still Below $2000
US Dollar dropped to the lowest level in the last twenty-seven months on Tuesday amid trader's concerns over the US-China trade war and economic recovery. The USD index slid for the fifth day in a row and it is down almost 7% in the last six months.
US Dollar Struggles but Euro and Sterling Remains Strong
The US dollar continues to trade around two years low amid concerns over economic recovery and stimulus package. The USD index trades around a 93 mark against a basket of currencies, slightly above from two years low that it had hit in July.
The US dollar Index Weakens Further, Gold and Euro Soars
The US dollar continues losing value against gold and major currencies amid rising concerns over economic recovery and increasing coronavirus infections. The US dollar has lost more than 4% value in July, representing the biggest monthly drop in a decade.
Dollar Index Back Under Pressure As Markets Brush Off ‘Supportive FED’
Dollar Index slips key 93.00 level with global equity bourses under pressure. GBP/USD continued its aggressive bullish run, breaking above 1.3100 during Asian trading hours. Northern England has had to revert back to a lock down state as virus cases pickup heading into the summer