Dollar Hits 17-Month High as Bond Rout Deepens Pressure on Euro
The US dollar climbed to a 17-month high as a global selloff in government bonds intensified, lifting Treasury yields to their highest level since 2002 and sharpening investor concern over inflation and heavy public borrowing. The euro came under fresh pressure amid worries about Franceâs fiscal outlook and broader political uncertainty in Europe, reinforcing the dollarâs appeal as a relative safe haven.
