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Market Impact: 0.55

Dollar Rallies on Strength in Crude and the US Economy

Currency & FXEnergy Markets & PricesInflationMonetary Policy

The dollar index (DXY00) rose 0.31% to a 1.75-month high, extending gains on Wednesday. The move was supported by a 2% jump in WTI crude, which lifted inflation expectations and could pressure the Fed toward tighter policy, a bullish driver for the dollar.

Analysis

The dollar index (DXY00) rose 0.31% to a 1.75-month high, extending gains on Wednesday. The move was supported by a 2% jump in WTI crude, which lifted inflation expectations and could pressure the Fed toward tighter policy, a bullish driver for the dollar.

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