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Dollar holds near 18-month high
The dollar settled near its highest levels in 18 months, as the Federal Reserve meeting minutes indicated an intention to tighten monetary policy to combat inflation, which is considered the biggest threat to economic outlooks. The dollar index stood at 102.25 points, close to its highest level since April 2025, with U.S. Treasury yields continuing to rise to 5.303%. There is an 81.7% probability that interest rates will remain unchanged at the October meeting. Additionally, the strength of the dollar has impacted other major currencies, leading to declines in gold and cryptocurrencies.
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