The US Dollar Index (DXY) has advanced to multi-month highs near 102.6, supported by persistent expectations for additional Federal Reserve tightening and elevated Treasury yields. Recent FOMC minutes reinforced policymakers’ focus on inflation risks, sustaining market-implied odds of a December rate hike near 70% despite softer September payrolls lowering October probabilities. The 10-year yield holding above 5.3% and geopolitical concerns tied to energy prices have further underpinned the dollar, particularly against the euro amid European fiscal strains. September CPI data due October 14 stands as the immediate catalyst that could recalibrate rate-path pricing and near-term DXY momentum.