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Olli Rehn

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Close-up of various Euro banknotes scattered on a surface, highlighting European currency.
FORECASTSAUG 20, 2026
US Dollar Weakens as Treasury Buybacks Pull Yields Lower and Euro, Sterling Advance
The US dollar came under renewed pressure on August 20 as expanded Treasury buybacks helped drive longer dated yields lower. EUR/USD and GBP/USD pushed higher as traders weighed Federal Reserve inflation concerns against expectations for further action from the ECB and a mixed UK inflation picture.