US Dollar Strengthens to Three-Month High on Rising Yields

The US dollar reached a three-month high on October 1, 2026, supported by increasing US Treasury yields. This dollar strength is partly linked to ongoing global price pressures, including those from the US-Israeli war on Iran. Despite softer US inflation data in August, a surge in Eurozone inflation highlights the persistent threat of higher energy prices. The euro declined against the dollar, losing nearly 2.5% in September due to Europe's debt and energy concerns.