Dollar nears 3-month low ahead of Treasury actions
The dollar continued its decline to nearly a three-month low, as investors awaited actions from the U.S. Treasury aimed at soothing the bond market after long-term debt yields reached their highest levels since 2007. Meanwhile, the euro rose to its highest level since May at 1.1676 dollars, and the Japanese yen remained steady at 158.32 against the dollar. The Swiss franc stayed close to its two-month high amid market trading.
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