Dollar stays strong despite bond decline
The dollar index rose to its highest level in 17 months, as the euro declined due to financial problems in France and political deadlock ahead of the elections. The market was also affected by a wave of global bond sell-offs, which led to increased borrowing costs, with the yield on U.S. Treasury bonds reaching 5.262%. This boosted the appeal of the dollar as a safe haven. Currently, the market expects the U.S. Federal Reserve to keep interest rates steady in October with a 78% probability, with a possible increase in December and early 2027.
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