Dollar Rises on Weak Stocks and Higher Bond Yields

The US dollar index DXY has gained +0.04% today as investors seek refuge in the greenback due to weak stocks and rising bond yields.

Rising WTI crude oil prices have boosted inflation expectations, prompting fears that the Fed may tighten monetary policy, a positive factor for the dollar.

The 10-year T-note yield has reached a 1.5-year high of 4.75%, strengthening the dollar's interest rate differentials and further supporting its value.