The dollar held steady on Aug. 25 as U.S. Treasury yields eased in early trade. Investors weighed the Treasury's move to expand long-end debt buybacks alongside a new plan to economically isolate Iran.
The dollar index traded at 99.03, up 0.03% on the morning of Aug. 25. At the same time, the 10-year Treasury yield slipped to 4.673%, down 0.596%.
Investors digested the Treasury's decision to increase long-end debt buybacks alongside its plan to economically isolate Iran, according to Dow Jones Newswires. Yields still remain at elevated levels, however, as markets await the next round of U.S. economic data.
Source: Barrons.com (snippet-based)
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