US dollar falls to near 93.00 levels

14 Sep 2020 02:18 PM

Selling pressures have dominated the US dollar’s ​​trading at the beginning of this week, continuing last week’s decline. The dollar index, which measures the currency’s value against six major currencies, is currently approaching 93.00 levels.

The green’s decline for the second consecutive session today is driven by risk aversion resulting from trade tensions between US and China, and the continued rise in the number of cases of COVID-19 virus. Also, there is significant uncertainty around the US presidential elections in November that may cause increased selling pressure on the dollar in the coming period.


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