Dollar Weakens as Treasury Yields Drop; Sterling Retains Strength.
The U.S. dollar retreated in early European trading Tuesday with risk sentiment on the rise, while sterling retained its recent gains after the U.K. government’s policy u-turn.
At 03:05 ET (07:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.5% to 111.145, dropping to a two-week low.
