Dollar Rises on Surging Crude Prices and T-Note Yields
The dollar index (DXY00 ) rose by +0.14% on Tuesday, just below Monday’s 1.5-week high. Tuesday’s +4% surge in WTI crude oil prices raised inflation expectations and could persuade the Fed to tighten monetary policy, supporting the dollar. Also, Tuesday’s increase in the 10-year T-note yield to a 19-year high...
Barchart ·