Dollar Erases Early Gains as Crude Prices Fall and Stocks Rally

Written on 05/20/2026
Rich Asplund

The dollar index (DXY00 ) fell from a 6-week high today and is down by -0.09%. The dollar gave up an early advance today and moved lower after crude oil prices fell by more than -2%, which lowered inflation expectations and could prompt the Fed to ease monetary policy, a...Money transfer Global Currency by Panuwatccn via Shutterstock