Dollar Slips on Euro as Lower US Yields Give Markets a Breather

Dollar Slips on Euro as Lower US Yields Give Markets a Breather
U.S. Dollar and Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Reuters
Reuters
Updated:

LONDON—The dollar slid on Tuesday, as U.S. Treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro in particular move further off multi-year lows.

The Australian dollar was also in focus, sinking after the nation’s central bank surprised markets with a smaller-than-expected interest rate hike.