The US dollar witnessed a rise in the European market on Tuesday for the first time in the last three days against a basket of global currencies, but this rise remains limited so far due to the decline in the yield on ten-year US Treasury bonds. However, there is anticipation for the release of important data in the United States. Later today, we will report on the performance of the services sector in February, which provides strong evidence about the health and resilience of the US economy during the first quarter of this year, which may provide possibilities for a reduction in US interest rates.
 
The dollar index rose by about 0.1% to the level of (103.95) points, from the opening level of today’s trading at (103.85) points, after it had ended yesterday’s trading down by 0.1%.
 
As for the yield on ten-year US Treasury bonds, it decreased on Tuesday by about 0.9 percentage points, on the verge of recording the lowest level in several weeks, which puts negative pressure on the levels of the US dollar, as this development in the US bond market comes... Amid investors' increasing conviction that the Federal Reserve will begin to ease monetary policy and lower interest rates, starting at least from the June meeting.