Dollar ascends to fresh 2-month high on inflation worry, Fed hike expectations
AI Summary
The recent rise in the dollar and Treasury yields signals a tightening monetary environment, which could impact emerging markets like India. Retail investors should be cautious as higher U.S. interest rates may lead to capital outflows from Indian equities, putting pressure on the rupee and increasing borrowing costs domestically. Additionally, the inflationary pressures from rising oil prices could further strain the Indian economy, making it crucial for investors to monitor global economic indicators closely.
NEW YORK, Sept 24 (Reuters) - The dollar hit a fresh two-month high on Thursday as Treasury yields rose and expectations of further Federal Reserve interest rate hikes strengthened after hawkish remarks from several central bank officials and solid economic data.
Treasury yields continued to climb after sharp moves in the prior session, with the 30-year US bond yield at its highest since June 2004 and the benchmark 10-year note at its highest in nearly two decades following economic data that indicated a jump in business activity along with mounting price pressures.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 25 September 2026.
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