Fed Rate Hike Lifts Dollar Amid Rising Oil Prices
The US dollar is poised for a boost this week as the Federal Reserve is expected to raise interest rates by 25 basis points on Wednesday.
Last week's hawkish tone from the European Central Bank helped the euro, but the same could happen with the Fed and the dollar.
External factors such as rising oil prices due to Saudi Arabia shutting down a key pipeline are also supporting the dollar.