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Dollar strengthens as US yields hit multi-month highs

The 10-year Treasury yield is at the highest level since January 2025, while crude oil pushed above $91 for the first time since June 11.

Reported · Written up by our desk · Major Pairs

The US dollar moved higher as Treasury yields continued to rise, with the 10-year yield at its highest level since January 2025 and the 2-year yield at its highest level since February 2025, according to Forexlive. Forexlive also pointed to crude oil as a driver for FX sentiment, noting oil traded above $91 for the first time since June 11.

In a technical rundown for the North American session, Forexlive reviewed the outlook for EURUSD, USDJPY, and GBPUSD, with attention on near-term catalysts including the ECB rate decision at 8:15 AM, where no change is expected, and the weekly initial jobless claims release at 8:30 AM. The schedule also includes Canada retail sales, with an estimate of 10%, while geopolitical developments in the Middle East and warnings from Ukraine were cited as keeping risk elevated for markets and global trade.

Source: Forexlive

Latest closeWTI crude $91.10 ▲3.2%

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