The U.S. Dollar Index, which values the greenback against a basket of six major currencies, edged 0.06% higher amid upbeat market sentiment as fears of inflation make room for hopes that the Delta variant has a limited impact on vaccinated countries.

The USD is slightly lower this morning, as we begin the last few days of the second quarter.

The U.S. Dollar Index, a benchmark used to value the performance of the greenback against a basket of currencies, maintained its momentum, advancing 0.26% during yesterday’s trading session.

Things were rolling along quietly yesterday as the markets awaited the testimonies by Treasury Secretary Mnuchin and Fed Chairman Powell before the Senate Banking Committee on the economic response to the pandemic.

The U.S. dollar index, a benchmark used to value the greenback against a basket of six major currencies, advanced 0.11% amid Delta variant jitters and the U.S. infrastructure bill, which will be put to a vote today in the senate.

The US jobless claims have reported another 3 million people have put in unemployment claims in the week ending May 1st, raising the total to over 33 million in the last seven weeks.

The USD continues to show strength as US bond yields move higher and an increasing safe-haven demand against the concern of a second coronavirus outbreak has traders buying USD.

The USD begins the week on a positive note, while equity markets could possibly turn negative after last week's gains.

The U.S. dollar index, a benchmarking tool used to assess the performance of the greenback against a basket of six major currencies, fell 0.28% amid sustained momentum in equity markets.

Investor enthusiasm continues overnight as US equity markets move higher while oil and the USD remain pressured.