US dollar stays near three-month lows
The US dollar remained near its lowest levels in three months after the US Treasury took steps to calm a wave of selling in the bond market, which had driven long-term bond yields to their highest levels since 2007. This intervention helped boost risk appetite and weakened the dollar, with the dollar index reaching 98.723 points, its lowest since May, while the euro steadied at $1.1692. Experts also pointed out that the Treasury's measures to increase repurchase operations of long-term Treasury bonds help reduce market risks, despite slightly negative effects on the dollar. At the same time, investors are facing pressure from rising US Treasury yields, which have reached their highest levels in 19 years. Additionally, American and Japanese interventions to halt the decline of the Japanese yen— which had fallen to a 40-year low—continued in efforts to stabilize the currency.
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