Dollar gains on rising US rate expectations
The dollar held near a two-month high on 1 October as rising US Treasury yields supported it, with global inflation fears also bolstering the currency. Later, it reached a three-month high as markets weighed the prospect of further Federal Reserve rate hikes.
Timeline
Thursday, 1 October
- Dollar Hits 3-Month High on Prospect of Higher U.S. Rates
DXY rose to 101.777 in early European trade
- Dollar stays near two-month high as rising US Treasury yields support it
The dollar held near a two-month peak as US Treasury yields climbed
