During today's Asian trading, the US dollar was trading steadily against the euro and yen. Experts mainly expect the trend towards weakening of the US currency to continue, but warn that its short-term strengthening may continue in the event of further growth in US Treasury yields.

Rising yields on US Treasury bonds traditionally support the dollar - the higher the rates, the more attractive the US currency is for buyers.

Last week, the yield on ten-year US Treasuries rose above the 1% mark for the first time since March, amid a general increase in risk interest due to expectations of an increase in measures to support the economy by the administration of US President-elect Joe Biden. On Tuesday, it is 1.15% per annum.

However, the long-term outlook for the dollar remains "bearish", as the expected increase in fiscal stimulus will lead to an increase in the US budget deficit and current account, and this will significantly reduce the attractiveness of investment in the US currency.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.04%.