US dollar wallows near 11-week low amid soft economic data, tariff worries

Quick Summary:

TOKYO : The U.S.dollar sagged near an 11-week low against its major peers on Wednesday, under pressure from sliding short-term Treasury yields after a run of weak economic data.

The safe-haven yen strengthened towards its highest level since October with investor sentiment fragile amid the threat of new rounds of tariffs from the administration of U.S.

Treasury yield declined to 4.086 per cent on Wednesday, sinking back towards the low of 4.074 per cent from the previous day, a level not seen since November 1.

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Category: EconomyBusiness

Markets: SingaporeAustraliaCanadaGermanyMexico

Topics: Monday Dollar Data Tariffs Cent Treasury Market Level Seen Tuesday Weak

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 09:57:31 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26448065

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 38 minutes ago

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