Dollar falls amid lower Treasury yields
The article highlighted the decline of the US dollar against major currencies, as it settled at 101.78 after a 0.2% decrease. This was attributed to the decline in US Treasury bond yields, which diminished the appeal of the US currency. Additionally, the Australian dollar rose near a three-week high against the US dollar, reaching 0.7013, amid increasing uncertainty regarding the Federal Reserve's interest rate hikes due to worse inflation expectations. Analysts noted that earnings results from major technology companies could significantly impact the dollar, with expectations of a recovery in the coming months driven by increased foreign capital inflows into American markets. Investors remained cautious toward the euro due to protests in France and worsening financial conditions. Meanwhile, the dollar maintained its stability against the yen and the British pound, while the New Zealand dollar experienced a slight decline.
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