The dollar index (DXY00 ) is up sharply by +1.29% at a 3.25-month high. The dollar is extending Monday's rally today after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the chance of additional Fed rate cuts, a supportive factor for the dollar. Market expectations for...Pile of money with hands by Sergey Nazarov via iStock
Dollar Rallies and Gold Sinks on Reduced Fed Rate Cut Chances
Written on 03/03/2026