Dollar steady as oil prices and bond yields climb
The dollar index remained stable at 99.325 on Monday as Middle East tensions pushed Brent crude over 110 dollars a barrel. A global bond rout deepened with U.S. 10-year yields jumping to 4.6310 percent as markets price in a higher probability of a Federal Reserve rate hike by December.
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The United States dollar held steady as Brent crude rose 1% to over $110 per barrel. Rising energy costs and a global bond selloff pushed 10-year Treasury yields to 4.6310%, their highest since February 2025. Investors face renewed inflation risks and a 50% chance of a Federal Reserve rate hike by December.
