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Rich Asplund

Dollar Posts Modest Gains as Crude Oil Fluctuates

crude oil Oil US Federal Reserve Gold BOJ United States PBOC Inflation

The dollar index (DXY00) is up by +0.05% today. The dollar found support today after WTI crude oil prices rose more than +2% to a 1-week high, which raises inflation expectations and may persuade the Fed to tighten monetary policy, a supportive factor for the dollar. However, the dollar fell back from its best level as crude prices erased most of their overnight gains when Pakistan signaled the US and Iran were close to an arrangement that could reopen the Strait of Hormuz.

US July existing home sales fell -1.7% m/m to 4.06 million, close to expectations of 4.05 million.

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Top stories on inkl right now

Flydubai attack investigation widens as alleged hijacker’s training in New Zealand scrutinised

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Hamam al-Hammami spent 175 days in New Zealand until May 2019, as Australian Jewish group calls for full investigation into his time in Melbourne

The Guardian - AU

Kansas neighbour cut 133 trees, some 70 feet onto adjoining land; court upholds $6,500 award

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A Kansas appeals court has upheld a $6,500 damages award against a man whose neighbour’s fence project led to 133 trees being cut on adjoining land in 2015. The court found the landowner filed his trespass case within the legal time limit and that there was enough evidence to hold…

The Times of India

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One subscription that gives you access to news from hundreds of sites

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