The dollar index climbed up above 110, moving closer to its highest levels in 20 years ahead of crucial Fed monetary policy decision later in the global day where the central bank is expected to hike interest rates aggressively to curb stubbornly high inflation. The greenback also tracked Treasury yields higher, with the benchmark 10-year US yield rising above 3.5% to its highest since February 2011. The dollar index that tracks the greenback against a basket of currencies climbed to as much as 110.62 during the day and is currently quoting up 0.43% at 110.40. Powered by Commodity Insights
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