Dollar Gains as Treasury Yields Rise

The value of the US dollar steadily increased during Tuesday's trading, supported by rising US Treasury bond yields and expectations of tighter monetary policy from the Federal Reserve, amid falling oil prices and improved talks between the United States and Iran. The dollar index reached approximately 101.06 points, close to its highest level in a year, with a 75% probability—according to futures contracts—anticipated to see the Fed raising interest rates by September. This outlook bolsters US dollar trading and reinforces the stance of a hawkish policy.

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