Forex
U.S. Dollar Retreats Amid Profit-Taking and Oil Market Pullback
The U.S. Dollar Index is experiencing losses as traders take profits off the table after its strong rally and focus on the pullback in oil markets.
Oil prices moved lower amid reports that the U.S. and Iran were considering a phased deal to reopen the Strait of Hormuz.
The final reading of the Michigan Consumer Sentiment report showed that consumer sentiment declined from 51.7 in August to 48.1 in September, compared to the analyst forecast of 47.6.