Commodities
Dollar Rebound Threatens Currency Pairs Amid Crude Oil Pullback
The US dollar's attempt to reclaim its 2026 uptrend is putting pressure on major currency pairs, including the euro, which is trading near its yearly lows.
The pullback in crude oil prices has eased inflationary pressures and supported a more resilient outlook for US markets ahead of the midterm elections.
However, elevated Treasury yields continue to limit market gains, with expectations for another Federal Reserve rate hike rising above 53% for the October meeting according to the CME FedWatch Tool.