The dollar index (DXY00 ) rose by +0.61% on Tuesday and posted a 3.25-month high. The dollar extended Monday’s rally on Tuesday 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...Pile of money by Atlantagreg via iStock
Dollar Strengthens as Fed Rate Cut Chances Dim
Written on 03/03/2026