US dollar hovers near multi-month lows after Treasury buyback move
Business
The US dollar has hovered close to multi-month lows, mainly because investors are nervous about the Treasury's move to increase long-term bond buybacks, which spooked traders and hit the dollar.
Some strong economic data tried to slow the fall.
Currencies react, markets await US clarity
Other currencies are reacting in their own ways: Canada's dollar fell after trade talks with the US broke down, while Australia and New Zealand saw their dollars trade just shy of three-month highs.
Now, everyone's waiting for updates from top US officials on what comes next for economic policy, hoping for some clarity on where things go from here.