The U.S. dollar pulled off an 11-week low versus major peers on Wednesday, helped by a rebound in short-term Treasury yields even as a run of weak economic data weighed on investor sentiment. The Canadian dollar slipped to a two-week low and the Mexican peso was weaker with a new round of tariffs from U.

The dollar index (DXY00) on Tuesday fell by -0.27% on weak US economic news and ongoing tariff concerns. The dollar also fell due to the sharp -11 bp decline in the 10-year T-note yield that weakened the dollar’s interest rate differentials.