US dollar hovers near 2026 highs as oil's rise spurs hawkish central bank bets [Yahoo! Finance]
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Source: Yahoo! Finance
as climbing oil prices threatened to spur inflation and force central banks globally to adopt more hawkish policy stances. The euro fell 0.1% ?against the greenback to $1.1549 in early Asian trading, nearing its lowest level since November. Japan's yen briefly declined past the 159-per-dollar mark, easing ?as much as 0.2% to 159.23 and approaching its weakest level since July 2024. The Australian dollar dropped 0.1% at $0.7148, while the New Zealand dollar slid 0.1% to $0.5907. The British pound was down ?0.2% at $1.3385. Oil market volatility continued to climb with Iran saying the world should be ready for crude at $200 a barrel as its military attacked merchant ships on Wednesday and vessel traffic through the Strait of Hormuz dwindled to a trickle. The surge in oil prices as the supply outlook worsens will push up energy costs and crimp global growth, economists warn, with the risks rising as the duration of the conflict lengthens. U.S. President Donald Trump said on
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News
- Dollar poised for second weekly gain with no end in sight for Iran war [CNBC]CNBC
- Dollar near 2026 highs as volatile oil fans inflation spike fears [CNBC]CNBC
- Dollar rally stalls on hopes of an easing in Iran war, but wariness reigns [CNBC]CNBC
- Dollar steadies, oil down after Trump says Iran war could end 'very soon' [Yahoo! Finance]Yahoo! Finance
- Dollar steadies, oil down after Trump says Iran war could end 'very soon' [Yahoo! Finance Canada]Yahoo! Finance Canada