Dollar hugs three-month lows as Treasury seeks to sooth the bond market

On Thursday, the U.S. dollar faced notable declines, approaching its lowest point in three months. In a bid to stabilize the bond market, U.S. Treasury disclosed plans to double its buyback operations. Meanwhile, long-end Treasury yields fell from a nineteen-year peak. Meeting minutes from the Federal Reserve underscored concerns about inflation and possible interest rate hikes. The Japanese yen also retreated from the 160 mark versus the dollar.

Raccontata dastraitstimes.comswissinfo.checonomictimes.indiatimes.comadnkronos.comchannelnewsasia.com