Forex
Dollar Hits Two-Month High Amid Rising Yields and Global Pressures
The US dollar held near a two-month high on Thursday, supported by rising US Treasury yields driven by global price pressures stemming from Middle East tensions.
The euro was marginally lower at $1.1330 in early Asian trading, having clocked a loss of nearly 2.5% in September due to Europe's debt and energy worries.
Australia's currency fell to a two-month low of $0.6940 as investors lengthened the odds on another near-term rate hike from the Reserve Bank of Australia after domestic inflation came in slightly lower than forecast.