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Felicia Tan
in
Forex
March 27 19:27

USD goes down at the end of the week

On Friday morning, USD fell below 100 in Asian markets after the US took a US$2.2 trillion aid package to deal with the Coronavirus pandemic.
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The US dollar index, which tracks the currency against other currencies, fell 0.11% to 99.435 at 21:46 EST (01:46 GMT).
The U.S. registered an unprecedented number of applications for unemployment benefits last week - 3.28 million, which is the highest figure in history.
GBP/USD retreated from earlier gains of 2.8% when Asian markets opened and fell by 0.11% to 1.2188.
AUD/USD rose by 0.02% to 0.6065, while NZD/USD rose by 0.25% to 0.5974. After the growth of the dollar last week by hedging against two currencies, investors' appetite for risk is slowly recovering.
USD/JPY fell by 0.86% to 108.64, while USD/CNY lost 0.04% to 7.0735.
USD is getting cheaper at the end of the week.