U.S. Dollar Index Could Grind Its Way to Year-to-Date Highs -- Market Talk

0518 GMT - The U.S. dollar was a little higher in the Asian trading session as risk sentiment weakened. Brent oil increased as Iran said it would not soften its conditions to reopen the Strait of Hormuz after President Trump rejected its proposal. The U.S dollar will likely continue to grind higher this week because of the strong U.S. economy, says Kristina Clifton, currency strategist at CBA. The U.S. Dollar Index could even set a new year-to-date high above 101.8 points this week, she adds. The next hurdle for traders is U.S. inflation data for August on Wednesday with the risk for a strong result, she says. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

September 28, 2026 01:18 ET (05:18 GMT)