Dollar Rises to Highest Level Since Last August

The dollar rose to its highest level in two and a half months in Tuesday's trading. The dollar index, which measures the performance of the US currency against a basket of currencies, rose by 0.04 percent, reaching 104 after reaching 104.08, its highest level since August 2. The index rose by about 3.3 percent on a monthly basis, and is heading towards its highest monthly increase since April 2022. The pound sterling fell by 0.06 percent to $1.2976, and the euro fell by 0.04 percent to $1.0811. The dollar also rose by 0.09 percent against the yen to 150.96, after rising to 151.10, its highest level since July 31. On the other hand, the yield on 10-year US Treasury bonds reached 4.222 percent today, its highest level since July 26 Source: Qatar News Agency