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The Economic Times

National / The Economic Times

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Dollar wobbles as investors balk at US Treasury's rescue efforts

The dollar faced a decline on Friday, ending the week lower amid investor worries. Concerns arose over the U.S. Treasury's bond buyback, which many viewed as merely a stopgap. This situation heightened fears about government intervention affecting fiscal health. As a result, both the euro and sterling appreciated against the dollar, prompting investors to explore safer assets like gold and bitcoin during these turbulent times.

21 Aug 2026 7:27 am