ForexMedium•1 October 2026•
1 min read
Dollar Index Hits New 2026 High on Surging Treasury Yields
Key Facts
1The dollar index reached a new 2026 high driven by expectations of a more hawkish Federal Reserve policy.
2The 10-year Treasury bond yield surged to its highest level since 2022 amid a sharp selloff in the bond market.
The US Dollar Index reached a new high for 2026 driven by expectations of a more hawkish Federal Reserve policy. ActionForex reported that the 10-year Treasury bond yield surged to its highest level since 2022 amid a sharp selloff in the bond market.
Rising oil prices are fueling inflation concerns, leading to hawkish Fed expectations and a risk-off environment that favors the dollar as a safe haven. The index broke through key resistance levels at 101.48 and 101.55, signaling a continuation of the broader uptrend from January lows after concluding September with gains of nearly 2%.