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Dollar index slides 0.80% to 2.5-month low after US Treasury boosts liquidity

AI Market Summary
The US Treasury's decision to at least double long-dated bond buyback operations to $4B each boosted liquidity and helped push the DXY to a 2.5-month low, outweighing slightly hawkish FOMC minutes. Lower yields and a weaker dollar supported a sharp rally in precious metals, lifting gold to a 2.5-month high. FX moves were notable, with EUR/USD higher and USD/JPY lower.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+3.84%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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The US Treasury said it will at least double the maximum size of its long-dated bond buyback operations to at least $4 billion per operation starting September 9, pushing the dollar index DXY00 down to a 2.5-month low and ending the session off 0.80%. EUR/USD rose to a 2.5-month high, while USD/JPY fell 0.80%. Minutes from the latest Federal Reserve meeting leaned slightly hawkish, but failed to reverse the dollar’s decline.
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