US Dollar Holds Near Two-Month High as Treasury Yields Rise and Fed Data Awaited

The US dollar maintained its position near a two-month high on Tuesday, supported by rising Treasury yields. Investors are closely monitoring upcoming key US economic data, including the PCE price index on Wednesday and non-farm payrolls on Friday, for further indications on the Federal Reserve's monetary policy direction. Markets are currently pricing in a more than 70% probability of a Federal Reserve rate hike by the end of October.