U.S. Treasury's Slew of Measures Points to Softer Dollar
Dow Jones
Aug 20
0124 GMT - The U.S. Treasury's slew of measures including its announcement to buy back more longer-term debt points to softer dollar, says State Street Investment Management's Masahiko Loo in an email. "While these steps may improve market functioning, they do little to change the bigger picture of inflation and fiscal concerns, rising term premiums, and AI-driven capital demand," the senior fixed income strategist says. "In the grand scheme of things, that points to a softer dollar and continued support for gold, as investors revisit de-dollarization and currency debasement concerns," Loo adds. U.S. Dollar Index is steady at 98.871, LSEG data show.
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