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The dollar index (DXY00) is up by +0.20% today. The dollar is moving higher today amid the +3% surge in WTI crude oil to a 3.5-month high, which is boosting inflation expectations and could persuade the Fed to raise interest rates. Also, today's jump in T-note yields has strengthened the dollar's interest rate differentials. In addition, falling stocks today are boosting liquidity demand for the dollar.
Today's US economic news also supported the dollar, with stable weekly jobless claims and stronger-than-expected Aug PPI. The dollar fell back from its best level after US Aug existing home sales fell to a 14-month low.
Dollar Recovers on Smaller Treasury Buyback and Higher T-Note Yields
Dollar Gains as Crude Oil Prices and T-Note Yields Surge
