USD Above 10-Week Lows as Treasury Yields Rise

The U.S. Dollar (USD) is showing a mostly negative performance on Monday, amid concerns among investors about the prospects of a rise in inflation resulting from the economic recovery from the coronavirus pandemic.

The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies, is down for the day by 0.02% 90.21.

The index has been moving today in a range between 90.04 and 90.34, hitting its lowest level in about ten weeks.

Meanwhile, the benchmark 10-year Treasury bond yield is edging higher by 0.027% at 1.606, which us limiting the Dollar’s losses.