The dollar was on shaky ground and set for a weekly loss on Friday, as investors viewed the U.S. Treasury's bond buyback gambit as merely a temporary fix, while raising fresh concerns about officials' increasingly interventionist approach.
U.S. Treasury Secretary Scott Bessent said overnight he may further increase the government's repurchases of Treasuries, a day after the department announced it would double the size of buybacks on longer-dated securities over the next quarter in an attempt to stem a sharp rise in yields.
