The U.S. dollar hovered around a two-month high on Oct. 8, 2025, as fiscal and economic worries spreading over from the Asia-Pacific to Europe weighed on major currencies in the Group of 10, per Bloomberg, as quoted on Yahoo Finance.
The rally was aided by hedge funds increasing bearish bets on the euro and yen, as well as stronger real-money demand for long-dollar positions, according to traders in Asia and Europe, the Bloomberg article noted.
Global Weakness Due to Political Shifts
Invesco DB US Dollar Index Bullish Fund (UUP Quick QuoteUUP – Free Report) has lost 3.2% over the past year (as of Oct. 7, 2025) but has gained about 1.7% over the past month. The currency is up over 1.2% over the past week (as of Oct. 7, 2025). WisdomTree Bloomberg US Dollar Bullish Fund (USDU Quick QuoteUSDU – Free Report) …
