USD Strengthens as Treasury Yields Rise

The U.S. Dollar (USD) is rising on Tuesday, supported by the increase in Treasury bond yields.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.37% at 93.29.

The index has been moving today in a range between 92.88 and 93.35, entirely in the positive territory.

The USD is up by 0.41% against the Euro (EUR), and by 0.33% against the British Pound (GBP).

Meanwhile, the Dollar is also rising by 0.42% against the Japanese Yen (JPY) and by 0.51% against the Australian Dollar (AUD).

The benchmark U.S. Treasury 10-year bond yield is at 1.722%.