The US dollar is declining as more stimulus is expected

The US dollar fell against a basket of major currencies today, as expectations for a new stimulus package for relief from the coronavirus epidemic under Joe Biden's administration pushed Treasury yields higher, with the 10-year yield reaching the highest level in 10 months.

The main dollar index, which measures the performance of the greenback against 6 major currencies, declined 0.11% to 90.38, the dollar fell against the euro to $ 1.2205, and the dollar fell against the pound sterling to $ 1.3663. The British pound rose against the euro and the US dollar today, after comments by Bank of England Governor Andrew Bailey on the feasibility of negative interest rates to limit some expectations regarding sub-zero interest rates in the United Kingdom.