Dollar Slumps Near Multi-Month Lows Amid Debt Concerns

The US dollar is trading near multi-month lows due to growing concerns over debt. The currency's value has been affected by the US Treasury's plan to buy back more long-dated bonds, causing market uncertainty.

Traders are also awaiting details on sanctions against Iran and policy speeches this week in the US and Japan. Meanwhile, the Canadian dollar slipped 0.3% in Asia trade, reaching C$1.3807 per dollar, after trade talks with the US collapsed and Washington imposed 50% tariffs on Canadian goods.

The market remains unsettled, with traders looking for clarity on these key issues. The US Treasury's plan to buy back more long-dated bonds has sparked fears of increased government borrowing, which is weighing on the dollar.