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Market Impact: 0.35
Dollar Supported by Rising Crude Prices and T-Note Yields
Source: Nasdaq
Currency & FXEnergy Markets & PricesInflationInterest Rates & YieldsMonetary Policy
The dollar index rose 0.20% as WTI crude surged 3% to a 3.5-month high, lifting inflation expectations and increasing the perceived likelihood of further Federal Reserve rate hikes. Higher Treasury-note yields also supported the dollar, reinforcing a hawkish rates and FX backdrop.
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Overall Sentiment
mildly positive
Sentiment Score
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