US yield dribbling lower helping the USD to do the same

<p>The US dollar is falling away across the FX board with yields pulling back a little lower. </p><p>EUR, GBP, AUD, NZD, CAD are all up against the big dollar. Even the hapless yen is gaining some ground. </p><p>As for the yuan, a little lift for it also, which the PBOC will welcome. They sent another strong signal today that they'd like the currency to stop dropping so quickly:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-reference-rate-for-today-at-72006-vs-estimate-at-73065-20230818/" target="_blank" rel="follow" data-article-link="true">PBOC sets USD/ CNY reference rate for today at 7.2006 (vs. estimate at 7.3065)</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.