USD rose on Monday against a basket of global currencies to widen its gains for a fifth consecutive day, reaching a three-week high as US currency purchases continue to be the best current investment in the foreign exchange market, supported by 10-year US Treasury yields.

USD index rose more than 0.1% to 96.06 points, the highest level since January 4, with 95.95 points opening at 95.95 points.

USD index rose 0.3% on Friday, its fourth daily gain in a row, among the longest daily gains in the year.

The index gained 0.8% over last week, the first weekly gain in the past five weeks, the first weekly gain in 2019, and the biggest weekly gain since last September, as US buying levels improved this week as the best investment currently In the foreign exchange market.

The improvement comes amid growing difficulties for major central banks around the world to start normalizing monetary policy and raising interest rates, especially the European Central Bank, which is accompanied by economic data confirming the decline in economic growth in the euro area.

The central bank is facing the same situation as economic performance remains weak and the pace of inflation in the country has deteriorated, as well as the uncertainty surrounding the UK’s secession from the EU.

Dollar buying also supports a 10-year US Treasury yield hike to 2.799%, the highest level in three weeks, as investors focus on fundamentals, most of which are in favor of rising yields.