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Barchart
Rich Asplund

Dollar Moves Higher on Latest Oil Price Spike

Oil United States US Federal Reserve Donald Trump Gold BOJ ECB

The dollar index (DXY00) today is up +0.27%. 

The dollar is seeing support from today's upward spike in oil prices to the $100 per barrel area, which is hawkish for Fed policy.  Also, higher oil prices are beneficial for the dollar since the US is the world's largest oil-producing country. 

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