Dollar Climbs as Stocks Sink and Crude Oil Surges

The U.S. dollar index rose 0.52% to a 1.5-week high as Treasury-note yields increased and equities declined, lifting demand for dollar liquidity. WTI crude oil jumped 3%, increasing inflation expectations and potentially reinforcing a higher-for-longer interest-rate outlook. The combination of stronger yields, oil-driven inflation pressure and weaker stocks supports near-term dollar strength.