Dollar tries to climb off the mat
Good morning and welcome back. The US dollar is struggling to climb off a three-month low as traders digest last week’s Treasury buyback announcement and the breakdown in US-Canada trade negotiations, and await Friday’s speech from Federal Reserve chair Kevin Warsh at Jackson Hole. Treasury yields are holding steady, equity futures are pointing to modest gains at the open, and the euro, pound, yen, and Swiss franc are all marginally softer—but still up solidly relative to a week ago. The dollar tumbled last week when Treasury Secretary Scott Bessent said his department would “at least” double its purchases of long-term...