The dollar fell for two consecutive months as the U.S. Treasury's buyback program forced out speculative bulls, and Warsh's hawkish stance only yielded a one-day rebound.
The dollar continued its decline in August, marking its second consecutive monthly drop, amid a mix of signals from the Federal Reserve reiterating its commitment to combating inflation and the U.S. Treasury accelerating its bond buyback program.
In August, U.S. Treasury Secretary Bessant unexpectedly announced an expansion of