Dollar Rises to Multi Month Highs on Yields
The dollar climbed to multi month highs against major peers on Tuesday driven by elevated oil prices and rising Treasury yields. Traders awaited upcoming US jobs and inflation data to gauge Federal Reserve policy.
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The dollar climbed to multi-month highs on Tuesday, driven by elevated oil prices and surging Treasury yields as global investors awaited crucial U.S. labor and inflation data. The EUR/USD dropped 0.32% to $1.13325, marking a three-month low. The rally reflects widening rate differentials between the United States and other major economies.
