Dollar under pressure as yield support fades By Reuters – Investing.com
- Date: 18-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Dollar under pressure as yield support fades By Reuters – Investing.com
By Stanley White
TOKYO (Reuters) - The dollar teetered near multi-month lows against European currencies on Tuesday as Treasury yields stall due to renewed expectations that U.S. interest rates will remain low for an extended period.
Dallas Federal Reserve President Robert Kaplan on Monday reiterated his view that he does not expect interest rates to rise until next year, causing a further decline in bets that inflationary pressure could force the Fed to act sooner.