Dollar Reaches Two-Month High Amid Volatile Oil Prices

The US dollar has reached its highest level in two months, trading near $1.1367 against the euro and near $1.3248 against sterling.

This surge is attributed to volatile oil prices and a rapid increase in Treasury yields, which are supporting the dollar's value.

However, gains are limited as traders await US data this week for clues on the Federal Reserve's rate path.

The euro has traded near its weakest level in three months due to the European Central Bank's chief signaling measured steps to quell inflation.