Dollar nears 3-week high ahead of Biden's stimulus plans

Dollar nears 3-week high ahead of Biden's stimulus plans

The US dollar rose against a basket of major currencies on Thursday, extending its gains for the second consecutive day near a 3-week high, lifted by the high yield of 10-year US Treasury bonds, ahead of the US President-elect Joe Biden reveals his huge stimulus plan. The dollar index rose more than 0.2% to 90.48 points, after opening at 90.27 points, with an intraday low of 90.23 points. The greenback gained 0.3% yesterday, to resume its gains after pausing yesterday due to profit-taking from 3-week high of 90.73 points. The dollar's uptrend comes as the 10-year treasury yields jumped 2.5% …
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