USD Surges to Highest Level in Three Months

The U.S. Dollar (USD) rose on Monday, reaching its highest level in three and a half months, supported by higher demand due to the increasing Treasury bond yields.

The Dollar Index (DXY), which measures the USD’s performance against a basket of six major international currencies, is up by 0.35% at 92.30, near its highest level since late November 2020, after rising earlier today to a high of 92.42, while its lowest level was at 91.84.

Since the beginning of the year, the greenback rose by about 2.5%.