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VERIFIEDET Markets·neutral
US dollar at 3-month low as Treasury moves to soothe bond jitters
AI Summary
- ·The U.S. dollar weakened near three-month lows as Treasury bond buybacks calmed markets.
- ·Long-term Treasury yields retreated from recent nineteen-year highs following the Treasury's announcement.
- ·Federal Reserve meeting minutes indicated policymakers' concerns about persistent inflation and potential rate hikes.