Shafaqna English– On Thursday(20 Aug 2026), the U.S. dollar fell to its lowest level in three months, following the Treasury Department’s decision to intervene in the bond market in an effort to stabilize the recent rout.
That selloff had driven long-term bond yields to their highest point since 2007, which in turn had been a key factor underpinning the dollar’s strength—and once the Treasury acted, that support quickly evaporated.
The DXY dollar index, which serves as a broad measure of the U.S. currency against a peer group of six major global currencies, traded at 98.813 on Thursday—roughly matching its weakest position since mid‑May.
Meanwhile, the euro climbed to $1.1676, reaching its strongest point since late May, reflecting a clear shift in relative currency strength following the Treasury’s intervention.
Source: Reuters
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