Dollar Finds Support from Weak Stocks and Surging Crude Prices

Written on 07/17/2026
Rich Asplund

The dollar index (DXY00 ) is up by +0.03% today. The dollar found support from today's +3% jump in WTI crude oil prices, which raises inflation expectations and could prompt the Fed to pursue tighter monetary policy, a supportive factor for the dollar. Today's US economic news was mixed for...Money transfer Global Currency by Panuwatccn via Shutterstock