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Dollar Set to Weaken Second Month on Treasury Buyback

Bloomberg Markets •
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The dollar is on pace to fall for a second straight month as US plans to accelerate buyback of government debt weighed on the greenback. The Bloomberg Dollar Spot Index is down 0.9% in August, set to extend last month's 1.3% decline. The gauge, which has been down for five out of eight months this year, is on its longest falling streak since February.