US Dollar Index Hits Three-Month Low Amid Reassessment of Fiscal Constraints

The US Dollar Index has been trading near its three-month low at around 98.65 as of August 21, continuing its decline from the previous session.

Notably, the yield on the 10-year U.S. Treasury note stood at approximately 4.69%, while the 30-year yield was around 5.25%.

This recent drop in yields has led to a reassessment of fiscal constraints, term supply structures, and inflation risk premiums by market participants.