Dollar falls as US bond yields drop again

US dollar fell against a basket of major currencies today as the US treasuries bond yields fell again, which has renewed market's fears of a near recession.

The US bonds yields curve inverted last week, markets interpreted it as a sign on a near possible recession.

The US Federal Reserve meeting minutes will be released tomorrow, as the meeting was held in July and resulted in a rate decision for the first time since 2008.

Yesterday, President Trump called on the US Fed to cut rates at least by 1% and the possibility of preparing a quantitative easing program and described the Federal Reserve as having no vision.

By 18:34 GMT, dollar index fell by 0.2% to 98.03 points, with an intraday high of 98.3 and a low of 97.9.