Dollar index nears two-month peak
The dollar index rose near its highest level in two months, supported by rising U.S. Treasury yields and inflation tensions due to the war in the Middle East, leading to declines in the euro, the pound sterling, and other currencies. After U.S. bond yields increased, expectations for a rate hike this month decreased, but long-term yields reached new highs. European, Australian, and New Zealand currencies also declined, while the dollar remained close to its highest level after gains of 2% in September.
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