#dollar-2yearlow#
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Due to the continued influence of the Fed's stimulus plan, the U.S. dollar index fell to a two-year low. The brief rally ended after Fed's liquidity had pushed risky assets to record highs, indirectly reducing safe-haven demand for the greenback. The dollar's decline remains strong, and with recession fears starting to mount, do you think the dollar could break below 90?
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US Dollar Index struggles for direction around 92.30 ahead of FOMC
DXY is down smalls near the 92.30 level on Wednesday.
US politics, the progress of the pandemic remains in centre stage.
FOMC Minutes will be the main event later in the NA session.
The greenback is trading slightly on the defensive and just above recent 2020 lows when gauged by the US Dollar Index
