Forex
Dollar Teeters on Multi-Month Lows Amid US Treasury Bond Buyback Plans
The US dollar hovered near multi-month lows on Monday as investors digested the US Treasury's pledge to buy back more long-term bonds.
This move is seen as a signal of increased monetary policy flexibility, which has sparked market volatility and led to fluctuations in currency values.
The Canadian dollar fell 0.2% in early trading to 1.3798 per US dollar, while the Australian and New Zealand dollars traded near three-month highs at $0.7171 and $0.5979, respectively.