Dollar Index Slips 0.21% as 10-Year Treasury Yield Eases to 4.686% Before Fed Minutes
Updated
Updated · live.euronext.com · Aug 19
Dollar Index Slips 0.21% as 10-Year Treasury Yield Eases to 4.686% Before Fed Minutes
3 articles · Updated · live.euronext.com · Aug 19
Summary
The dollar index fell to 99.43, with the euro up 0.19% to $1.1585, sterling up 0.16% to $1.3554 and the yen strengthening to 159.15 per dollar.
U.S. Treasury yields retreated after Tuesday’s bond selloff, with the 10-year yield down to 4.686% and the 30-year at 5.271% after touching its highest level in nearly 20 years.
Fed minutes due at 1800 GMT are now the main focus as recent U.S. data — including July job losses and mild inflation — pushed investors to scale back rate-hike bets and narrowed the dollar’s yield support.
Oil near three-week highs is keeping inflation risk in view after conflicting U.S. and Iranian statements on the Strait of Hormuz, while Trump’s three-day pause on a 50% tariff helped the Canadian dollar edge up to C$1.3872.