{
  "id": 5431062,
  "title": "Dollar Erases Early Gains as Crude Oil and T-note Yields Move Lower",
  "url": "https://urgent.news/2026/09/02/dollar-erases-early-gains-as-crude-oil-and-t-note-yields-move-lower",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T14:43:01.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/currencies/articles/dollar-erases-early-gains-crude-144301355.html"
  },
  "original_language": "en",
  "account": "The dollar fell from a two-week high and is now down by 0.11%. It lost ground after the initial rally triggered by escalating US-Iran tensions boosted crude oil prices and pushed 10-year Treasury yields to a 2.75-year high. The US August ADP employment change came in at +38,000, slightly below expectations of +47,000. US July factory orders rose +0.9% month-over-month, exceeding forecasts of +0.7% month-over-month. July factory orders excluding transportation improved by +0.6% month-over-month, above expectations of +0.4% month-over-month. WTI crude oil initially climbed to a six-week high, lifting the dollar as the conflict between the US and Iran intensified. However, crude prices retreated overnight, easing supply concerns and prompting a dollar retreat. The markets now price a 63% chance of a 25 basis point rate hike at the next Federal Open Market Committee meeting on September 15-16. The euro dipped to a two-week low and fell by 0.02% after a weaker-than-expected US employment report weighed on the currency. However, the euro's decline is limited due to comments from ECB Governing Council member and Bundesbank President Joachim Nagel, who signaled a potential interest rate hike later this month. The 10-year German Bund yield hit a 15-year high at 3.395% today, bolstering the euro's interest rate differentials. The BOJ's Board Member Hajime Takata hinted at a possible rate hike beyond expectations this month, and lower crude oil prices are favorable for the Japanese economy and yen.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}