Dollar hold near two-month peak as yields rise, Fed data looms
Credit: Reuters
The dollar remained stable near a two-month peak while traders closely monitored upcoming US economic reports. Oil prices experienced a slight uptick, with Brent crude futures approaching $106 per barrel amidst market volatility. Meanwhile, US Treasury yields hit multi-year highs, impacting the dollar's strength. Anticipated economic metrics could pave the way for additional Federal Reserve rate hikes this month.