U.S. Dollar Index Nears 2026 Highs as December Hike Bets Top 70%
The U.S. Dollar Index is retesting its 2026 highs as Treasury yields climb, oil prices stay elevated, and December rate hike bets top 70%.
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The U.S. Dollar Index is retesting its 2026 highs as Treasury yields climb, oil prices stay elevated, and December rate hike bets top 70%.
Razan Hilal, StoneX Media Market Analyst, explains how Treasury yields, the Middle East conflict, and momentum are shaping the U.S. Dollar Index.
U.S. 10-year Treasury yields have tracked the Iran war, slipping on de-escalation hopes and rebounding as crude oil and inflation concerns rise, with Israeli and U.S. midterm elections adding risk. Overbought momentum on the U.S. Dollar Index has previously aligned with bearish reversals, a watch point for EUR/USD near 2026 lows and for gold.
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