USD Steadies Following Last Week’s Decline

The U.S. Dollar (USD) is stabilizing on Monday, following its decline by the end of last week following the release of job data in the United States.

The greenback is fluctuating within a limited range, with the market anticipating the passing of the $1.9 trillion relief bill, proposed by the President of the United States, Joe Biden.

The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is marginally up by 0.02% at 91.06.

The index has been moving today in a range between 90.90 and 91.24, after closing last week at 91.04.