Business
Dollar Firms as Oil Leaps Further
The dollar was rising, alongside U.S. Treasury yields, to reflect yet another jump in oil prices.
The DXY dollar index, which measures the dollar against a basket of currencies, is up 0.1% at 100.208, while Brent crude last traded at $113.55 per barrel, close to its intraday high of $114.08.
“We emphasize that rising global energy prices and tighter global financial conditions would both be supportive factors for the broad U.S. dollar,” Danske Bank’s Filip Andersson said in a note.
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