Geopolitics, High Treasury Yields, Euro Yields Keep Dollar Strong
Dow Jones
Oct 07
0943 GMT - Geopolitical uncertainty, rising Treasury yields and euro weakness due to concerns about France's budget provide a tailwind for the U.S. dollar, Eleonex's Stefan Arsenovic says in a note. The dollar is likely to remain supported near recent highs, albeit with Wednesday's Federal Reserve minutes due at 1800 GMT providing a key test, he says. "Fiscal and political uncertainty in France remains elevated, keeping pressure on the single currency. Political risk in Spain [after Spain recently announced snap elections] has added to that backdrop." However, any signs of diplomatic progress in the Middle East could reduce demand for the currency, he says. The DXY dollar index rises 0.4% to 102.258, edging closer to Monday's high of 102.535, its strongest since April 2025.
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