Dollar Stalls Near Multi-Month Lows Amid Treasury Intervention and Geopolitics

The US dollar hovered near multi-month lows on Monday as investors weighed US Treasury bond buyback plans against renewed trade and geopolitical risks.

The US Dollar Index was little changed at 98.83, hovering near its lowest since mid-May.

Treasury intervention has pushed yields lower, but concerns over the US bond market persist due to heavy borrowing needs and the federal debt surpassing $40 trillion.

Rising geopolitical risks and uncertainty over US policy limited gains for regional currencies despite the dollar's weakness.