{
  "id": 1859289,
  "title": "Dollar drifts near multi-month lows as Treasury yields ease; Fed minutes awaited",
  "url": "https://urgent.news/2026/08/19/dollar-drifts-near-multi-month-lows-as-treasury-yields-ease-fed-1859289",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T03:11:24.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/08/1514276/dollar-drifts-near-multi-month-lows-treasury-yields-ease-fed"
  },
  "original_language": "en",
  "account": "The US dollar has slipped close to multi-month lows as Treasury yields retreated from recent peaks, according to market reports. Investors are now waiting for insights from the Federal Reserve's latest policy meeting minutes to gauge the future direction of interest rates. The euro edged higher to US$1.1577, hovering near a two-month peak, while the British pound remained stable at US$1.3533, near a three-month high. The Japanese yen held steady at 159.56 per dollar, following a significant intervention, but remained far from a multi-decade low of around 164. The dollar index, gauging the US currency against six major counterparts, saw a slight drop to 99.65. The selloff in US Treasuries seemed to have subsided as the week was relatively quiet in terms of economic releases and other factors. The yield on the benchmark 10-year Treasury note hit 4.702 percent, and the 30-year bond yield fell to 5.282 percent. Market players are now focusing on the Fed's release of minutes from the most recent monetary policy-setting committee meeting, seeking clues about policymakers' stance on interest rates. Recent economic data, including unexpected job losses in July and mild inflation readings, have suggested a softening US economy, leading investors to reduce expectations of rate hikes. If the Fed does not proceed with the anticipated rate hikes, the upside potential for bond yields appears limited. Harvinder Kalirai, chief global fixed income and currency strategist at Alpine Macro, commented on the outlook. The labor market and inflation surprise are expected to wane, contributing to a weaker dollar. Meanwhile, tensions in the Middle East have pushed oil prices near three-week highs, keeping inflation concerns alive. US President Donald Trump stated on Tuesday that there were no negotiations with Iran and reiterated that the Strait of Hormuz remained open, contradicting Iran's claim that it was still closed to shipping. The New Zealand and Australian dollars were relatively unchanged, trading at US$0.5874 and US$0.7083, respectively.",
  "summary": "HONG KONG: The US dollar drifted near multi-month lows against major peers on Wednesday as Treasury yields eased from recent highs, with investors awaiting minutes of the Federal Reserve's latest policy meeting for clues on the path of interest rates.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Dollar drifts near multi-month lows as Treasury yields ease; Fed minutes awaited",
        "url": "https://urgent.news/2026/08/19/dollar-drifts-near-multi-month-lows-as-treasury-yields-ease-fed",
        "published": "2026-08-19T02:54:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}