The US dollar gained ground in European trade on Wednesday against a basket of major rivals, extending gains for the third straight session and hitting 2-⅕ month highs as US 10-year treasury yields expanded their gains.

The advance comes after bullish remarks from some Fed officials, which hurt the odds of a Fed interest rate cut in November.

The Index

The dollar index rose 0.3% today to 104.41, the highest since August 2, with a session high at 104.09.

The index rose 0.1% on Tuesday, the second profit in a row against a basket of main currencies.

US Elections

A new poll by Reuters-Iposos showed Kamala Harris ahead by a 46-43% margin against Donald Trump in a presidential election tieup.

US Yields

US 10-year treasury yields rose 0.7% on Wednesday on track for the third rise in a row, hitting a three-month high at 4.24% and bolstering the dollars standing.

The gains come after strong US data and bullish remarks from Fed officials last week.

Dallas Fed President Lorry Loan said shes confident of the economys stability and strength, but called for caution nonetheless and for gradual policy easing.

According to the Fedwatch tool, the odds of a 0.25% Fed interest rate cut in November fell from 92% to 87%, while the odds of maintaining rates unchanged stood at 13%.

Now investors await more speeches by Fed officials, and important data later this week about major sectors in the economy and unemployment claims.