Dollar, Treasury Yields Fall; Any Middle East Escalation Could Push Them Higher -- Market Talk
Dow Jones2026/08/17 08:520852 GMT - The U.S. dollar falls to a 10-week low against a basket of currencies as markets scale back expectations for U.S. interest-rate rises, while Treasury yields also decline. Recent weak U.S. jobs and retail sales data, combined with subdued inflation prints, have prompted investors to scale back rate-rise bets. Still, falls could be limited if Middle East uncertainty and consequent inflation worries persist, BankPro's Paolo Broccardo says in a note. Any escalation in tensions could revive demand for safe havens, supporting the dollar while driving oil prices higher and lifting yields, he says. The DXY dollar index falls 0.3% to 99.294, its lowest since early June. The 10-year U.S. Treasury yield declines 2 basis points to 4.677%, according to Tradeweb. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
August 17, 2026 04:52 ET (08:52 GMT)
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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