Dollar falls to three-month low as Treasury moves to soothe bond jitters
The U.S. dollar hit a three-month low on Thursday amid a Treasury Department effort to ease concerns in the bond market. The yield on the 30-year Treasury rose to a 19-year high, signaling investor anxiety. The euro strengthened to a three-month high against the dollar. The Federal Reserve's July meeting saw hawkish sentiment, with some policymakers considering rate hikes if inflation did not ease.
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