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U.S. Dollar and Treasury Yields Decline, Reversing Friday's Gains Triggered by Fed Chair Warsh's Inflation Warning
The DXY dollar index fell 0.2% to 99.525, while the two-year Treasury yield dropped 2.3 basis points to 4.325% and the 10-year yield fell 1 basis point to 4.710%. This comes after Federal Reserve Chairman Kevin Warsh warned about inflation risks on Friday, which had led to initial gains. Investors are now awaiting U.S. jobs data on Friday and inflation data next week, with some analysts cautioning that a September rate hike is not yet a certainty.
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