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One measure of the U.S. dollar is on pace for the lowest close in about 2 years
A popular measure of the U.S. dollar on Thursday was on track for its lowest close in nearly two years, extending a decline in the greenback that has accelerated in recent weeks in the fallout from the COVID-19 pandemic. The ICE U.S. Dollar Index DXY, -0.30% was down 0.4% at 94.647, at last check Thursday afternoon. That puts the index, which measures the buck’s strength against six rival currencies, on pace for its lowest finish since Sept. 26, 2018 when it finished at 94.19, according to Dow Jones Market Data. The dollar index is on track for its fifth straight weekly decline, which has largely been driven by a ... (full story)