Dollar Could Remain Weak After Treasury's Buyback Announcement -- Market Talk

1153 GMT - The dollar could stay weak after the U.S. Treasury's announcement on Wednesday that it was doubling the buyback volume of long-end debt, ING's Chris Turner says in a note. The announcement signals that the Treasury is "taking a greater interest in protecting the long end" and will therefore aim to prevent long-dated Treasury yields from rising too much, he says. "We favor this triggering a benign, risk-friendly dollar decline." Lower yields could boost risk appetite, weighing on the dollar as a safe-haven currency. The DXY dollar index will probably struggle to rise above 97, Turner says. The DXY falls 0.3% to 98.650, staying close to Thursday's three-month low of 98.557. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

August 21, 2026 07:53 ET (11:53 GMT)