Forex
Dollar Falters as Treasury's Bond Buybacks Spark Debt Concerns
The US dollar is trading near multi-month lows due to concerns about debt and the impact of the US Treasury's efforts to hold down long-term bond yields.
The Canadian dollar slipped 0.2% in early trade, while the Australian and New Zealand dollars traded close to three-month highs.
The euro was above $1.16 at $1.1685, and the yen kept strong at over 159 per dollar.
The US Treasury's announcement of doubling buybacks at the long end has spooked traders, with some seeing it as a signal of currency debasement.