Dollar Rises on Higher Treasury Yields, Mideast Tensions
The dollar held near a two-month high, supported by rising US Treasury yields. Concerns over persistent global price pressures, partly driven by the Middle East war, also contributed to the dollar's strength, despite data showing US inflation rose less than expected in August.
The dollar held near a two-month high on Thursday, supported by an extended rise in US Treasury yields, which was partly driven by concerns over persistent global price pressures linked to the Middle East war. US inflation data showed prices rose less than expected in August, while downward revisi…