Dollar Steady at August High Amid US Rate Expectations and Election Factors

The U.S. dollar has reached a two-and-a-half-month high, buoyed by expectations that the Federal Reserve will adopt a prudent approach to interest rate cuts while the impending U.S. elections create uncertainty among investors. The dollar’s strength is reinforced by climbing Treasury yields, which contribute to a persistent trend applying pressure on the yen, euro, and...