Asia
The Dollar Is Wobbling as America Moves to Calm Its Bond Market—But Investors Are Asking What Comes Next
The U.S. dollar is losing ground as investors question whether Washington's latest attempt to stabilize the Treasury market can actually address the deeper problems weighing on America's finances. The greenback slipped on Friday and was heading for a weekly decline of roughly 0.9%, with the dollar index near a three-month low. The euro climbed to around $1.1694, while sterling remained close to a multi-month high. At the center of the market unease is an unexpected decision by the U.S. Treasur
