Dollar Goes Down Due to US Election and COVID-19 and Caps the Gain

Dollar Goes Down Due to US Election and COVID-19 and Caps the Gain

The Dollar goes down this Friday morning in Asia and the Euro hovers near the four-week low that goes against the dollar to the European Central Bank that controls the monetary easing by the end of this year.

The US Dollar Index that tracks the greenback to the basket of some other currencies that edged down at the level by 0.15% to 93.838 that climbed after the near fourth week seems high during the previous session over the euro decline.

The USD/JPY pair is edged down at the level 0.15% to 104.45 which rebound the board to buying and saw the greenback to the five-week overnight.

The AUD/USD pair seemed up by 0.33% to 0.7051 and the NZD/USD pair that inched up at the level of 0.05% to 0.6634.

The USD/CNY pair seems down at the level by 0.34% to 6.6914. The GBP/USD pair was inched up at the level by 1.2936. The UK and the European Union continue to work towards that reaching the agreement by the end of the year.

The ECB announced the monetary policy on Thursday that keeps the interest on the rates steady but committing the response of the craft to the second wave on the COVID-19 by the December meeting to confirm the investor’s expectations.

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