Dollar Stays Weak in Wake of Treasury's Buyback Announcement -- Market Talk
Dow Jones2026/08/20 06:360636 GMT - The dollar trades steady but remains close to the 11-week low reached Wednesday after the U.S. Treasury announced it would buy back more of its longer-dated securities. The increased issuance of short-end Treasurys to finance the buybacks links the government's financing costs more closely to the Federal Reserve's monetary policy, Danske Bank's Filip Andersson says in an note. Perhaps it was renewed concerns over the Fed's independence that weakened the dollar in response to the Treasury's announcement, he says. Elsewhere, the Fed's July meeting minutes Wednesday contained few surprises as the committee remained divided over its perception of inflation risks, he says. The DXY dollar index trades flat, having reached as low as 98.767 Wednesday. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
August 20, 2026 02:36 ET (06:36 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro drifts toward the bottom of its range as US rate bets climb
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Crypto prices
More
