Dollar Moves Higher on Latest Oil Price Spike
Yahoo Finance·2026-03-09 15:08
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. More News from Barchart The dollar continued to be undercut by last Friday's weak US economic news, which included the -92,000 decline in US Feb payrolls and the -0.2% m/m decline in US Jan retail sales. Swaps market ...