Dollar Holds Two-Week High as Oil Prices Rise

Dollar hits two-week high, Middle East conflict and rate paths in focus

Dollar Erases Early Gains as Crude Oil and T-note Yields Move Lower

The dollar index (DXY00 ) fell from a 2.5-week high today and is down by -0.11%. The dollar gave up an overnight advance and turned lower today when WTI crude oil dropped from a 6-week high and moved lower, which eased inflation expectations, a dovish factor for Fed policy. The...

Dollar Holds Two-Week High as Oil Prices Rise

The dollar remained near a two-week high on Wednesday as renewed fighting in the Middle East drove oil prices higher, reviving concerns over inflation and adding pressure that pushed bond yields up.