empty
 
 

2026.08.2101:48:06UTC+00Dollar Poised for Weekly Drop

The dollar index traded around 98.8 on Friday and was on track to lose nearly 1% for the week, as the US government’s bond buyback plan stirred market volatility and strengthened demand for safe-haven metals and alternative currencies at the expense of the greenback. The index dropped sharply on Wednesday after the US Treasury Department announced an expansion of its debt buyback program aimed at containing borrowing costs. Long-term Treasury yields initially fell on Wednesday but rebounded the following day amid skepticism that the plan might offer only a short-lived remedy. These moves highlighted growing unease over the rise in US government debt, reducing the dollar’s appeal to investors. At the same time, higher oil prices, as the US prepares sweeping new economic sanctions against Iran, further fueled inflation concerns.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback