fromLondon Business News | Londonlovesbusiness.com
21 hours agoDollar stabilises, geopolitical risk and policy uncertainty cap upside potential - London Business News | Londonlovesbusiness.com
The US dollar was trading sideways on Wednesday after two sessions of losses. The currency continued to face downside risks as persistent concerns over rising tensions between the United States and Europe weighed on investor sentiment. President Donald Trump's aggressive stance on Greenland prompted a broader reduction in exposure to dollar-denominated assets. This risk-off behaviour has been reflected in treasuries, where yields recently surged across the curve, pushing the 10-year yield to multi-month highs.