The US dollar has lost value following the announcement of the Treasury’s buyback plan, which aims to strengthen market liquidity for Treasury securities. The DXY dollar index fell to 98.8, representing a 2.3% decline over the past month. This development has also supported bullish expectations for gold, with the likelihood of reaching $4,700 in August increasing. Market participants interpret the buyback plan as a supportive factor for lower long-term yields.
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