Dollar Falls on Declining Treasury Yields, Strong Yen
Dow Jones
Sep 09
0629 GMT - The U.S. dollar falls to its lowest in nearly three weeks against a basket of currencies, weighed by a decline in Treasury yields and by continued strength in the Japanese yen. The dollar has fallen against the yen ahead of interest-rate decisions by the Bank of Japan and the Federal Reserve next week. "With a Bank of Japan hike almost fully priced at next week's meeting and our expectation that the Fed will remain on hold, there could be more downside in store for the [dollar against the yen]," Danske Bank's Filip Andersson says in a note. The DXY falls 0.2% to a low of 98.630. The dollar falls 0.6% to 153.05 yen, near Tuesday's six-month low of 152.87.
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