Dollar Retreats as Stocks Rally

Written on 06/29/2026
Rich Asplund

The dollar index (DXY00 ) on Monday fell by -0.26%. The dollar retreated as Monday's stock rally curbed liquidity demand for the dollar. However, losses in the dollar were limited as Monday's +2% jump in WTI crude oil prices has strengthened inflation expectations and could prompt the Fed to keep...Opened wallet with US dollars on table by olyasolod via Adobe Stock