Dollar Advances Amid Concerns About Escalation of the Iran War

The dollar index (DXY00) on Tuesday rose by +0.42%.  The dollar moved higher on Tuesday as the ongoing war with Iran drags on, boosting safe-haven demand for the dollar.  Also, Tuesday's +4% jump in crude oil prices may stoke inflation and prompt the Fed to tighten monetary policy, a supportive factor for the dollar.  The dollar added to its gains after the Mar S&P manufacturing PMI unexpectedly increased. Gains in the dollar accelerated on Tuesday amid concerns about the escalation of the Iran war.  The ...