{
  "id": 11345434,
  "title": "Dollar at 17-month high as global bond rout hits euro",
  "url": "https://urgent.news/2026/10/02/dollar-at-17-month-high-as-global-bond-rout-hits-euro-11345434",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T03:03:19.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/10/02/dollar-at-17-month-high-as-global-bond-rout-hits-euro.html"
  },
  "original_language": "en",
  "account": "The US dollar reached a 17-month high on Friday, driven by a global bond market rout that pushed borrowing costs to multi-decade peaks. This downturn occurred amid inflationary concerns over higher oil prices. Investors reacted to a sharp sell-off in global bonds, with the 10-year US Treasury yield hitting 5.344 percent, its highest level since 2002. The euro weakened to $1.1237, nearing its lowest point since May 2025, hampered by worries about France's fiscal situation. The yen remained stable at 158 per US dollar, following a rise in Japan's core inflation in September. The dollar index surged 1 percent this week, marking its third consecutive weekly gain. Charu Chanana, a chief investment strategist, noted that investors are grappling with persistent inflation, substantial government borrowing, and a large bond supply. The rise in long-term yields, even as expectations of an immediate Federal Reserve hike ease, suggests the focus is now on term premium and fiscal risk, rather than just the next Fed decision. US consumer prices grew less than expected in August, and revisions to July's figure further dampened expectations of a Fed rate hike later in the month. Fed policymakers recently emphasized the need for more data before deciding on another hike. Brent crude futures surpassed $100 per barrel as investors watched the stalled US-Iran dialogue. Sterling and the Australian dollar both hit three-month lows, while the New Zealand dollar slipped to its lowest level since November 2025. The market's current stance suggests no hawkish Fed, indicating a flight to safety spurred by European developments. This trend is expected to strengthen the dollar index and the yen. Much of the dollar's recent strength has been at the expense of the euro, as European political risks and energy shocks from the Middle East conflict have dampened sentiment.",
  "summary": "The US dollar headed for its third straight week of gains on Friday, perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in the face of inflationary fears over higher oil prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Dollar at 17-month high as global bond rout hits euro",
        "url": "https://urgent.news/2026/10/02/dollar-at-17-month-high-as-global-bond-rout-hits-euro",
        "published": "2026-10-02T01:54:31.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar at 17-month high as global bond rout hits euro",
        "url": "https://urgent.news/2026/10/02/dollar-at-17-month-high-as-global-bond-rout-hits-euro-11338882",
        "published": "2026-10-02T02:08:16.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar at 17-month high as global bond rout hits euro",
        "url": "https://urgent.news/2026/10/02/dollar-at-17-month-high-as-global-bond-rout-hits-euro-11341790",
        "published": "2026-10-02T02:40:07.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "US dollar at 17-month high as global bond rout hits euro",
        "url": "https://urgent.news/2026/10/02/us-dollar-at-17-month-high-as-global-bond-rout-hits-euro",
        "published": "2026-10-02T04:20:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}