Forex Today: Dollar hurt, China to set the tone
The greenback plummeted following the release of US Michigan Consumer Sentiment, down to an almost 10-year low in August. The sentiment collapsed as the spread of the Delta variant in the country spurred concerns about the economic comeback. US Treasury yields were sharply down, although Wall Street managed to post modest gains, with the DJIA and the S&P reaching record highs. The EUR/USD pair approached the 1.1800 figure, while GBP/USD stalled its recovery well below the 1.3900 level. European currencies suffer from tepid local data indicating a slow economic comeback in the Old Continent.