Dollar Plunges Amid Debt Concerns and Treasury Buyback Move
The US dollar is trading near multi-month lows due to concerns about debt and the possibility of the US trying to hold down yields.
Last week, the US Treasury announced it would double long-end buybacks to $4 billion after 30-year yields hit two-decade highs.
This move has spooked traders and hit the dollar, with some analysts believing it's a signal of debasement.