
The U.S. dollar has shown a mixed performance against G10 currencies, with sterling reaching new two-year highs, trading near $1.3250. As of August 28, the dollar remained near its lowest level in over a year against a basket of peers, while sterling was just off its multi-year highs. However, on August 28, the dollar experienced a corrective pullback against all G10 currencies, with the euro declining by 0.5%, marking its largest drop in nearly two months, and sterling experiencing a 0.3% loss, the most significant in almost three weeks. As traders look ahead to a key U.S. inflation reading expected at the end of the week, the dollar steadied on August 29, attempting to recover from its recent losses. Treasury yields have remained rangebound as market participants await fresh economic data.

