FTX Price

Euro consolidates near late May highs as USD draws support from hawkish Fed, Iran risks

Treasury Secretary Bessent expands bond buybacks to curb U.S. yields

Citigroup: The U.S. Department of the Treasury's expansion of long-term U.S. Treasury repurchase may weigh on the dollar, with a positive outlook on gold and emerging market currencies

Global funds see any rise in Treasury 10-year yields toward 5% spurring outflows from emerging Asian bonds, as higher rates in the US will prompt investors to favor dollar assets over regional debt.