DXY Rises as Fed Allows Expiry of SLR Rule Changes

The U.S. Dollar (USD) is showing a mostly positive performance on Friday, supported by the rise in Treasury bond yields and the Federal Reserve’s decision to end the temporary change to the supplementary leverage ratio (SLR) for depository institutions by the end of the month as scheduled.

“The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event,” the Fed explained.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.23% at 92.07. The index has been moving today in a range between 91.66 and 92.17, after closing yesterday at 91.86.

Meanwhile, the U.S. benchmark 10-year Treasury bond yield is still above 1.7%, at 1.725.