The dollar index has been declining for the tenth day in a row, the longest series of declines since 1971. The reason lies in the sharp increase in traders' confidence in easing the Fed's policy.
The dollar index, which tracks the dynamics of the US currency against six others, fell by 0.05% during the day.
The yield on 10-year U.S. Treasury bonds rose 2.7 basis points to 4.083% after the Financial Times reported that investors had expressed concern to the U.S. Treasury Department. They fear that Kevin Hassett, the candidate to replace Jerome Powell as head of the Federal Reserve, may aggressively lower interest rates in accordance with Donald Trump's preferences.
The dollar's decline against the yen is particularly noticeable. The US currency fell by 0.4%. The yen is heading for its biggest weekly gain against the dollar in more than two months.