Market

The dollar index extended gains to above 107, its strongest level since November and tracking Treasury yields higher hawkish extended period.

Extending its rally, the dollar index surged above 107 for the first time since November, following the uptick in Treasury yields amid a hawkish rate outlook.

Supported by stronger Treasury yields, the dollar index broke above the 107 mark, hitting levels last seen in November, as markets brace for an extended period of tight monetary policy.

The dollar index advanced beyond 107, marking its strongest level since November, as elevated Treasury yields reflect growing expectations of sustained hawkishness from the Federal Reserve.

Rising Treasury yields pushed the dollar index above 107, reaching levels not seen since November, as traders priced in a longer period of high interest rates.

The dollar index strengthened further to breach 107, its highest point since November, in response to surging Treasury yields and reinforced hawkish signals from policymakers.