Dollar Surges on Trump's UN Speech, Hawkish Fed Comments

The U.S. Dollar Index has reached new highs as investors focus on President Trump's speech at the UN General Assembly, where he stated that he could make a deal with Iran but would destroy the country if they refused.

Trump's words had an impact on the oil market, causing Brent oil to rebound towards $100.00 per barrel and increasing demand for safe-haven assets like the U.S. dollar.

Fed official Collins also made hawkish comments, expressing support for a rate hike and warning about inflation risks.

The DXY index is attempting to settle above its resistance level at 100.50-100.65, with potential targets in the 101.50-102.00 range if successful.