The dollar was falling 0.5% against the euro at EUR 0.69939, with the European Central Bank widely expected to raise its key interest rate by 25 basis points.

ProShares UltraShort Yen ( YCS) was rising 1.1% to $17.09, PowerShares DB US Dollar Index Bearish ( UDN) was up 0.5% to $28.32 and CurrencyShares Euro Trust ( FXE) was 0.8% higher at $142.85.


U.S. Treasuries were falling on speculation that the Federal Reserve could tighten monetary policy by year-end, along with an influential investor's criticism of government bond yields and rumors that the Fed is draining its reserves.

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