DOLLAR ON BACK FOOT AS US YIELDS , CRUDE PRICES DIP ; AUSSIE BUOYED BY HAWKISH RBA

What happened: The US dollar stayed under pressure after slipping to a three-week low, as lower Treasury yields and crude prices reduced its appeal. Why it matters: Hauser said the inflation outlook looked "materially worse," leaving him unsure whether the RBA would need to raise its policy rate next month. Commonwealth Bank's Carol Kong expects safe haven demand for the USD to fade once the Middle East conflict ends and energy prices retreat, but expects the USD to trend modestly higher in coming months.

The US dollar stayed under pressure after slipping to a three-week low, as lower Treasury yields and crude prices reduced its appeal.

Hauser said the inflation outlook looked "materially worse," leaving him unsure whether the RBA would need to raise its policy rate next month. Commonwealth Bank's Carol Kong expects safe haven demand for the USD to fade once the Middle East conflict ends and energy prices retreat, but expects the USD to trend modestly higher in coming months.