Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA

TOKYO, Oct 21 (Reuters) The US dollar remained under pressure on Wednesday after slipping to a three-week low in the previous session, as a dip in Treasury yields and crude oil prices reduced the currency s appeal. The Australian dollar hovered close to ​a three-week high against the greenback with Reserve Bank of Australia Deputy Governor Andrew ‌Hauser saying at a Citi conference that the inflation outlook looked materially worse , leaving him unsure whether the central bank would need to further raise its policy interest rate next month. The Aussie rose 0.1% to $0.7013, just below the previous day s high of $0.7017. The US dollar index, which measures the currency against six peers, was steady at 101.78 after ‌declining ​0.2% on Tuesday. Investors have turned to the greenback as an investment ⁠haven amid market volatility brought ⁠about by war in the Middle East and AI frenzy, partly due to the currency s energy independence. Oil prices eased overnight after touching a five-month