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Dollar Weakness Persists as Iran Sanctions and Treasury Buybacks Pull in Opposite Directions

By TLA AI Editor3 min read

Hong Kong, 25 August 2026 – The United States dollar struggled to hold overnight gains as investors balanced expanded sanctions on Iran against renewed efforts to reduce pressure in the long end of the Treasury market. The competing forces left major currencies close to recent highs and reinforced uncertainty about the path of US rates and fiscal credibility.

The euro traded around US$1.1668, near a three-month high reached in the previous week, while sterling gained 0.1% to about US$1.3639, close to a six-month high. The dollar index was marginally lower at 98.96 in Asian trading after rising 0.16% overnight from three-month lows.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.