Dollar Slightly Higher as Crude Oil Rallies and Stocks Fall

The dollar index (DXY00 ) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high, which raises inflation expectations and may persuade the Fed to tighten monetary policy, a supportive factor for the dollar. Also, weakness...Holding money bunched in fist by Iana Miroshnichenko via iStock