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Dollar falls on oil drops and economic data
The US dollar declined slightly amid falling oil prices and rising US Treasury yields, while investor appetite for stocks improved. Brent crude oil prices increased by 0.6%, while 10-year bond yields reached their highest level since November 2023, reflecting concerns over inflation and rising borrowing costs. Economic data showed that growth in US private sector jobs slowed to the lowest pace since January, while demand for manufactured goods surged strongly. Economic activity across various regions experienced moderate growth. Tensions between the United States and Iran escalated, following US military strikes on Iranian sites, amid a stalemate over control of the Strait of Hormuz.
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