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Barchart
Barchart
Rich Asplund

Dollar Gains and Gold Slumps on Higher Crude Prices and T-note Yields

The dollar index (DXY00) is up by +0.21% today. The dollar is moving higher today, amid the +2% jump in WTI crude oil, which raises inflation expectations and could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. Also, today’s weakness in stocks has boosted some liquidity demand for the dollar.

The US Sep Dallas Fed manufacturing survey fell -1.8 to 9.8, a smaller decline than expectations of 7.8.

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