US dollar nears three-month low as investors eye Treasury moves

The US dollar fell on Thursday to near its lowest level in three months, as investors awaited measures from the US Treasury aimed at calming the bond market after long-term bond yields climbed to their highest levels since 2007.

The dollar index, which tracks the greenback against six major currencies, dropped to 98.938 points, approaching its lowest level since mid-May. The euro rose to $1.1676, its highest since late May.