Dollar Retreats on Concern Over Foreign Demand for Dollar Assets

The dollar index (DXY00) fell to a 1-week low today and is down by -0.75%.  The dollar is under pressure today after a Bloomberg report said that Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, fueling concerns that foreigners will reduce their demand for US dollar assets.  Strength in the Chinese yuan also undercut the dollar after the yuan rose to a 2.5-year high against the dollar today.  Losses in the dollar accelerated today after National Economic Co ...