TOKYO/LONDON—The euro, pound, and yen all traded at multi-month lows on Tuesday, with the Japanese currency on the brink of weakening past the psychological 150 per dollar level, as surging U.S. Treasury yields kept the dollar firmly on the front foot.
The euro was steady on the day at $1.0477, still around its weakest since early December 2022, after a near-1 percent plunge on Monday when U.S. manufacturing data came in strong and Federal Reserve officials said monetary policy would need to stay restrictive for “some time.”