The dollar index (DXY) is up 0.27% as oil spiked to around $100 per barrel, a move that reinforces a hawkish Fed narrative. Higher oil prices support the dollar given the US's large oil production, with modest implications for FX flows and potential upside pressure on rates and inflation.
The dollar index (DXY) is up 0.27% as oil spiked to around $100 per barrel, a move that reinforces a hawkish Fed narrative. Higher oil prices support the dollar given the US's large oil production, with modest implications for FX flows and potential upside pressure on rates and inflation.
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Request DemoOverall Sentiment
neutral
Sentiment Score
0.10
