Dollar Eases on Euro and Yen Strength The dollar index took a modest hit on Wednesday, its losses tempered by higher crude oil prices, rising Treasury yields, and safe haven demand.
The euro and yen staged a mild recovery, with the euro boosted by short covering ahead of Thursday's ECB meeting. Beneath this calm surface lies a more complex story.
The dollar's soft landing is as much about geopolitics as it is about monetary policy.