Forex
Dollar Soars to Two-Month High on US Interest Rate Hike Bets
The US dollar has reached its highest level since July 30th as markets anticipate further interest rate hikes from the Federal Reserve.
Expectations of higher rates for longer have boosted the greenback, with rising Treasury yields adding to its strength.
The EUR/USD and GBP/USD pairings both weakened in response, with the euro falling for a second consecutive session and touching its lowest level since late July.