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Dollar Index Rises 0.4% on Expectations of Fed Rate Hike

Investing.com ·

  1. 1The US Dollar Index rose 0.4% to record 102.15.
  2. 2A 25bp hike at the September FOMC and a 5.31% 10-year Treasury yield supported the dollar.
  3. 3Brent crude rose to $101.50 per barrel amid geopolitical tensions.

So what's the key point?

The value of the dollar rose 0.4% due to expectations that US interest rates will increase. As the dollar strengthened, related indicators also rose.

Source Investing.com · View original ↗

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