The U.S. dollar inched higher against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in some countries.
The U.S. Dollar Currency Index, which measures the greenback's strength against six major currencies, was 0.03% higher at 96.774. On Monday, the index had fallen as low as 96.565 with its 50-day moving average slipping below its 200-day average, viewed as a bearish signal.
Riskier currencies such as the commodity-driven Aussie, Norwegian crown and the Swedish crown, which have rallied strongly since April alongside increased risk appetite in global markets, eased on Tuesday.
Source : Reuters
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