Dollar Eyes Seven-Month Low With US Buybacks, Inflation In Focus

The dollar slipped to near a seven‑month low as the yen rallied — the yen is up about 4% this month.
U.S. Treasury Secretary Scott Bessent has been unusually vocal, daring traders and preparing a potentially large buyback program to rein in yields.
Traders are watching Friday’s U.S. inflation print (and next week’s Fed decision odds), while oil topped $100 amid U.S.–Iran tensions.