Dollar Weakness Continues Amid Treasury Yield Slump
The US dollar continues to drift near multi-month lows against major peers on August 19. The decline in Treasury yields from recent highs has contributed to this trend, with investors now awaiting the release of minutes from the Federal Reserve's latest policy meeting for clues on interest rate paths.
The euro has inched higher to $1.1577, remaining close to its two-month high touched earlier in the week. The British pound was little changed at $1.3533, holding near a three-month high ahead of Wednesday's inflation data release, which is expected to show persistent price pressure.
The Japanese yen saw little change at 159.56 per dollar, having given back much of its intervention gains, but remains well off its multi-decade low of about 164 yen per dollar. The dollar index was down marginally at 99.65.