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Market Impact: 0.7

Dollar’s Oil-Fueled Rally Is Derailed By Surging Global Yields

Currency & FXMonetary PolicyInflationGeopolitics & WarInterest Rates & YieldsEnergy Markets & Prices

The US dollar fell against most major peers on Thursday after key central banks flagged the risk of an inflationary shock amid the intensifying Middle East conflict. Those warnings drove risk-off flows, pressuring FX and increasing the likelihood of higher rates and commodity volatility if energy supply concerns escalate.

Analysis

The US dollar fell against most major peers on Thursday after key central banks flagged the risk of an inflationary shock amid the intensifying Middle East conflict. Those warnings drove risk-off flows, pressuring FX and increasing the likelihood of higher rates and commodity volatility if energy supply concerns escalate.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25