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US Dollar Lingers Near Multi-Month Lows as Treasury Bond Buybacks Weigh on Greenback

By Chee Liang CFA2 min read

Singapore, 24 August 2026 – The United States dollar remained pinned near multi-month lows on Monday as currency markets digested the Department of the Treasury’s intervention to repurchase long-dated government debt, while investors awaited clarity on geopolitical sanctions and central bank policy addresses in the United States and Japan.

The dollar index, which tracks the greenback against a basket of six major trading peers, hovered near three-month lows around 98.9 points. The persistent currency softening followed the Treasury’s announcement that it will double liquidity support buybacks for longer-dated debt to $4 billion per operation after 30-year sovereign yields climbed toward two-decade highs near 5.34 percent.

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Author

  • Chee Liang CFA

    Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.