Dollar Hits Two-Week High Amid Energy Shock Concerns and Diverging Monetary Policies

The US dollar has reached a two-week high due to growing concerns about the economic impact of the energy shock and diverging monetary policy paths across major economies.

Investors are turning to the greenback, which benefits from higher oil prices as the US economy is less exposed to energy shocks than many other major economies.

The euro has fallen 0.16% against the dollar to $1.1575, its lowest since August 20, while the yen rose 0.45% against the greenback to 159.50 per dollar.