Dollar Bounces Back Above 100.00

The US Dollar Index (DXY) has bounced back from its lowest level since June 17, trading above the key psychological mark of 100.00 as of the latest session.

The rebound comes after a period of sustained weakness in the greenback, driven by shifting expectations for Federal Reserve policy and global risk sentiment.

A combination of technical buying and a slight repricing of Fed rate cut expectations has contributed to the dollar's recovery.

Higher US Treasury yields have also provided support to the dollar, as higher yields typically attract foreign capital.