Dollar holds above two-month high as December Fed hike odds hit 83%, yen slides to 160.760

The dollar index rose to a more than two-month high as markets priced an 83% probability of a Federal Reserve rate hike in December. Geopolitical risk also supported the greenback after Donald Trump said the U.S. could resume attacks if Iran violates a ceasefire, keeping oil prices elevated. The yen fell to 160.76, near levels seen as a potential trigger for official intervention. The euro and sterling edged up but remained near recent lows.