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The U.S. Dollar (USD) narrowed its daily gains on Friday but remained in the positive territory against major currencies on the back of a rise in Treasury bond yields.
The Dollar Index (DXY), which measures the greenback against a basket of six currencies, is up by 0.13% at 92.18, after rising to a high of 92.41 earlier today, while its lowest level was at 92.03.
The benchmark 10-year U.S. Treasury bond yield is up by about three basis points at 1.66% after declining on Thursday, amid expectations of a rise in inflation following the release of the changes in producers prices in the U.S. for March.
The U.S. Core Producer Price Index (PPI) leveled up to 3.1% in March from 2.5% in February, exceeding market expectations, according to data released earlier today by the U.S. Bureau of Labor Statistics.
