Forex
Dollar Fluctuates Amid Inflation Worries and Oil Price Volatility
The US dollar rose in choppy trading on Tuesday, fluctuating between gains and losses as investors weighed the prospects of inflation.
Oil prices settled down about 1% after US President Donald Trump told reporters at the United Nations that US officials had a 'very good' three-hour meeting with the Iranian delegation.
The dollar index, which measures the greenback against a basket of currencies, rose 0.17% to 100.59, with the euro down 0.18% at $1.1441.
Analysts point to the ongoing US-Israeli war on Iran as a key factor in driving up oil prices and inflation worries, prompting rate hikes from several central banks.