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Dollar under pressure as oil prices slump, Australia rate decision awaited
HONG KONG: The dollar wavered alongside oil prices on Tuesday on hopes for a diplomatic breakthrough between the US and Iran, while the Aussie was steady ahead of the Reserve Bank of Australia’s rate decision. Brent crude futures plunged more than 7% on Monday in their sharpest single-day drop in months, after Tehran said its contacts with the US aimed at ending their eight-month war were continuing. Falling energy prices helped ease inflation concerns and dragged longer-dated US Treasury yields lower. The yield on the benchmark US 10-year Treasury note was steady at 4.9145%, while that o...
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