Dollar Edges Higher on Strength in US Service Sector Activity

The dollar index (DXY00 ) on Wednesday rose by +0.11%. The dollar recovered from early losses on Wednesday and moved higher after Dec ISM services index unexpectedly expanded at its fastest pace in 14 months. The dollar also rose amid increased safe-haven demand after the US seized a Russian-flagged tanker...Holding money bunched in fist by Iana Miroshnichenko via iStock