According to CoinMeta, and as reported by Reuters, the US dollar fell to a three-month low against the euro on Thursday, but then rebounded after the Treasury Department took measures to curb selling in the bond market. The Treasury Department announced that it would double the scale of its repurchases of 10 to 30-year debt, to at least $4 billion per purchase, with the aim of stabilizing the market, which was turbulent due to concerns about the US fiscal deficit. This news triggered a significant sell-off of the US dollar, as traders feared a worsening fiscal situation and potential inflationary pressures, which drove up the prices of gold and Bitcoin. The US Dollar Index ended down 0.01% at 98.82, while the euro rose 0.01% to 1.1678. The market reacted coolly to the Treasury Department's intervention, and yields once again rose. CIBC, the head of foreign exchange strategy at Sarah Ying, said that this indicates that Treasury Secretary Scott Bessent is testing the market, and the market is in turn fighting back.