Dollar Weakens Against Euro and Pound in Week Ended Oct. 16

The dollar weakened against the euro and pound in the week ended Oct. 16, while a broad measure of its value and Treasury yields fell despite faster monthly U.S. inflation readings. At noon ET (16:00 UTC) on Oct. 16, one euro bought $1.1231, up from $1.1193 at the same observation on Oct. 9. The pound rose to $1.3330 from $1.3229 over those dates. The broad dollar index declined to 121.4048 on Oct. 16 from 121.6023 a week earlier. Its daily readings do not carry the noon observation time used for the euro and pound exchange rates. That broad measure tracks a different currency basket from the six-currency U.S. Dollar Index. Treasury yields also finished the period lower. The 10-year yield fell to 5.09% on Oct. 16 from 5.24% on Oct.

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