Higher U.S. Treasury Yields and Oil Prices Support Dollar; Dollar Index Approaches 99.50, Nonfarm Payrolls Key Catalyst

English summary

The dollar index rose to around 99.50 on Tuesday morning, with the 10-year Treasury yield touching 4.78% and the 30-year yield at 5.27%. Rising oil prices lifted inflation expectations; markets await ISM manufacturing PMI, JOLTS, and August nonfarm payrolls.