Dollar Strengthens on Iran Deal Hopes Fading
The US dollar has regained its strength after Trump's remarks at the UN General Assembly reduced optimism over a near-term resolution to the conflict with Iran.
Oil prices have risen, and interest rate expectations have been repriced upwards, contributing to a renewed rise in Treasury yields.
This hawkish repricing has sent odds for a rate hike in October to 65%, increasing pressure on the US dollar.