Dollar Hits Three-Month Low on Treasury Buyback Concerns
The US dollar fell to a three-month low as an activist Treasury buyback strategy stirred questions about debt costs, Fed independence and inflation.
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The US dollar fell to a three-month low as an activist Treasury buyback strategy stirred questions about debt costs, Fed independence and inflation.
US futures held steady as weak retail sales reduced Fed rate-hike expectations, shifting attention to yields, the dollar and Wednesday’s minutes.
Gold is nearing $4,400 as softer US activity, falling Treasury yields and a weaker dollar reshape expectations for rates and safe-haven demand.
The US dollar is near a two-month low after weak jobs data cut rate-hike expectations, putting this week’s inflation reports in focus.
Gold reached a seven-week high as a softer dollar, lower Treasury yields and Hormuz reopening hopes reduced expectations of another Fed rate increase.
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