Dollar Gains as Crude Rallies and Stocks Fall

Written on 05/21/2026
Rich Asplund

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...Pile of money with hands by Sergey Nazarov via iStock