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The US dollar slipped against most major peers on Wednesday as a decline in U.S. yields took some of the sheen off the currency, with investors mulling the risk of a recession from aggressive Federal Reserve rate hikes.
The dollar index, which measures the greenback against six counterparts, eased 0.08 percent to 104.39, giving back some of its 0.53 percent rally overnight, spurred mainly by weakness in the euro.
Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17 percent as Asian equities followed Wall Street lower. U.S. shares fell after a steep drop in U.S. consumer confidence stoked worries about a slowdown as the Fed rushes to get inflation in check. – Reuters
Online Reporter