The US dollar gains ground against major currencies, pushing the DXY to near 90.50. The US yields jump, lifting the greenback higher on reports of a bigger fiscal stimulus plan. The dollar index, which tracks the greenback’s value against majors, is rising with the USD drawing bids against majors, tracking a fresh uptick in Treasury yields. The index jumped from 90.25 to near 90.50 in the past 15 minutes or so, with the 10-year Treasury yield rising from 1.076% to 1.11%. At press time, the DXY is trading near 90.38. The benchmark yield seemingly received a boost from reports stating that the size of the US President-elect Joe Biden’s stimulus plan has ballooned to $2trillion. That’s significantly higher than the $1.3 trillion stimuli proposed by Senator Chuck Schumer. Increased fiscal and monetary spending typically weighs over the domestic currency. However, the dollar is cheering the latest news, possibly due to an uptick in yields. Besides, some dollar bears may be feeling disappointed, given the latest stimulus figure is much less than the $3 trillion number published by an Axios report last week. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Treasury yields rise on reports Biden to propose $2 trillion stimulus FX Street 2 years The US dollar gains ground against major currencies, pushing the DXY to near 90.50. The US yields jump, lifting the greenback higher on reports of a bigger fiscal stimulus plan. The dollar index, which tracks the greenback's value against majors, is rising with the USD drawing bids against majors, tracking a fresh uptick in Treasury yields. The index jumped from 90.25 to near 90.50 in the past 15 minutes or so, with the 10-year Treasury yield rising from 1.076% to 1.11%. At press time, the DXY is trading near 90.38. The benchmark yield seemingly received a boost from reports stating that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
