Dollar Sees Best Month Since June Amid Fed's Inflation Fight

The US dollar has had its best month since June thanks to the Federal Reserve's efforts to combat inflation, which have led to higher interest-rate expectations and bond yields.

The Bloomberg Dollar Spot Index rose 1.9% in September, reaching its highest level in two months.

Solid US economic data and concerns over inflation have contributed to the dollar's strength, while the ongoing war in Iran has driven up energy prices and pushed Treasury yields to record highs.