Forex
Home›Forex›Major Pairs›Dollar Index breaks above 2026 peaks as bond yields ju…
Dollar Index breaks above 2026 peaks as bond yields jump
The index ended September up nearly 2% after reversing a two-month pullback.
The U.S. dollar index extended its climb and broke through key 2026 peak levels, with Action Forex attributing the move to growing expectations for a more hawkish Federal Reserve.
The outlet pointed to rising oil prices feeding inflation expectations, a risk off environment boosting demand for safe havens, and a sharp selloff in Treasuries that pushed the benchmark 10 year Treasury yield to its highest level since 2022.
Action Forex said Thursday’s advance cleared barriers around 101.48 to 55 and kept the dollar in a steady uptrend for a third straight week.
The outlet also noted the dollar ended September with gains of nearly 2%, reversing a two month pullback, while warning that overbought signals could make it harder for bulls to clear resistance near 101.48 to 55.
Latest closeDollar index 101.48 ▲0.1%