USD Declines as Treasury Yields Maintain Downward Trend

The U.S. Dollar (USD) gave up all of the gains that it recorded earlier today during the European session and turned to the negative territory earlier in the American session as U.S. Treasury yields continued to decrease from its record levels.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is near its daily low at 90.88, down by 0.18% for the day, while its highest level was at 91.39, noting that it closed Monday at 91.04.